And now for some news from the consumer led economy. Here is a direct link.
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Cory's Chart Corner
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Canadian dollar = lower highs and lower lows, (negative trend continues). http://t.co/kJ8VIfW7LJ 6 hours ago
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Ohh Copper ya ole grump! http://t.co/15ry1UeuCS 6 hours ago
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As mkt's nervously await Bernanke's decision to (+ /-) from a failed policy...the business cycle continues. http://t.co/J1HXeU05s5 7 hours ago
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I am not surprised:
- Taxes for the rich have gone up. It was the platform Obama campaigned on. (And Congress spent this money, it was supposed to bring in, in the first 4 weeks of this year. I agree with Kyle Bass & Jim Puplava: “Washington doesn’t have a taxation problem, it has a spending problem”).
- Payroll taxes are back up to their 2009 (2010 ?) level.
- US citizens are now paying the “Obama care” taxes, starting January 1st.
- A significant amount of taxdeductions have been eliminated for the FY 2013. And there’s more to come in the next year(s).