Article

2012-11-13 Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Dale 2012-11-13 06:54|| E-Mail|| Front Page|| [11130 views ] Top

#1 This will be a long term chilling event for the stock market. Asset values will drop like a rock. Trying to sell your business will be extremely difficult now. Trying to operate in the black will be extremely difficult also.

Posted by Dale 2012-11-13 06:59|| 2012-11-13 06:59|| Front Page Top

#2 Whew. That's one thing I don't have to worry about as a result of the last crash.

Posted by JohnQC 2012-11-13 07:46|| 2012-11-13 07:46|| Front Page Top

#3 And who didn't see this coming? Anyone? Anyone? Buller?

Posted by DarthVader 2012-11-13 08:31|| 2012-11-13 08:31|| Front Page Top

#4 Do you suppose some of ~~Obama's cronies~~ enlightened/community-minded entrepreneurs will be able to pick some valuables cheap?

Posted by g(r)omgoru 2012-11-13 09:46|| 2012-11-13 09:46|| Front Page Top

#5 Yes, Shorting America. You'd almost think the money people planned it all that way.

Posted by Procopius2k 2012-11-13 09:49|| 2012-11-13 09:49|| Front Page Top

#6 's okay. Unions will be required to own these rotten assets and to continue to assume an 8%+ annual rate of return in their pension calculations, so, no worries...

Posted by M. Murcek 2012-11-13 11:45|| 2012-11-13 11:45|| Front Page Top

#7 Yes, I forgot that. " Unions will be required to own these rotten assets", Unions did make an offer.

Posted by Dale 2012-11-13 12:13|| 2012-11-13 12:13|| Front Page Top

#8 Yes, I forgot that. " Unions will be required to own these rotten assets", Unions did make an offer.

Posted by Dale 2012-11-13 12:14|| 2012-11-13 12:14|| Front Page Top

#9 Most won't be able to escape fiscal cliff

Posted by Dale 2012-11-13 12:29|| 2012-11-13 12:29|| Front Page Top

#10 You guys are forgetting there is an easy way out of this:
Just become a money bundler for the DNC and you can get waivers for anything (file under "rules for thee but not for me"). If you contribute enough money, you can also have your competitors raided by the DOJ.

One reason the wealthy are dumping US assets is the tax rates in almost every country are lower than the tax rates here. The other reason is the regulatory environment here is more anti-business
than almost any country in the world. Specifically 77th ouy of 80 counties studied. Worse than China. Worse than Vietnam.

The former Soviet Republic of Azerbaijan has a laissez faire economic policy and a 37% growth rate. We have a bunch of Communists who hate America.

Posted by Frozen Al 2012-11-13 14:25|| 2012-11-13 14:25|| Front Page Top

#11 Don't believe it when Zero says the wealthy are those who make $250K or more. Everyone is going to pay more one way or another. The people who voted for "O" are in for a big surprise too -- for example food stamps and unemployment are going to be cut back. Looks like a rough road ahead.

Posted by JohnQC 2012-11-13 15:47|| 2012-11-13 15:47|| Front Page Top

19:26 Lone Ranger
19:26 JosephMendiola
19:21 karin mohl hacker.357
18:58 Deacon Blues
18:52 Deacon Blues
18:40 lotp
18:38 Tommy Chong
18:37 CrazyFool
18:35 CrazyFool
18:27 lotp
18:20 Besoeker on the road again
18:19 Ebbang Uluque6305
18:19 Besoeker on the road again
18:18 Dale
18:14 lotp
18:13 Besoeker on the road again
18:04 Ebbang Uluque6305
18:02 Ebbang Uluque6305
17:27 CrazyFool
17:23 AlmostAnonymous5839
17:22 Shipman
17:22 AlmostAnonymous5839
17:20 CrazyFool
17:18 SteveS
Merry-Go-Blog