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Posted by: browntiger 1 year, 4 months ago

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browntiger1 year, 4 months ago

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Oh please even if Obama get's elected and congress passes increase in capital gains as you mentioned retroactively - there will be no crisis.
Stock performance will be based more on how well he performs, how confident people in the future, how well economy will be creating new jobs.
Clearly stocks are falling because confidence in Dumbo W administration is pretty low, jobs leaving US, gas prices soar, housing & loans crisis, and the only reason this whole mess did not bring down immediate financial crisis - is massive goverment deficit spending.
160,000 in Iraq, defense orders, fed that printing money to give them to the banks so they can use those to pay for previous loans they took from fed. absurd interest rate of ( i bonds sold at 0% rate ) so banks instead of cleaning they books still in hope of selling bad debt to offshore investors. High risk and low yield assure it will never happened.

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