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Petróleo Brasileiro S.A. - Petrobra Message Board

  • jaquecroissant jaquecroissant Jan 2, 2013 8:14 AM Flag

    Compromise works

    Thank you congress! Finally some compromise. Isn't this what government is supposed to be all about. Thank you!

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    • Jaque, I'd like to know (in your opinion) just what proportion of the fiscal job has been accomplished?

      These markets aren't going up now because of fundamental reasons and anyone that doesn't get that shouldn't even be in this market.

      the Keynesians have won and the market is betting on accelerating inflation (NOT real growth) which is equivalent to a larger hidden tax on the middle class.

      Congress should be ashamed.

      • 1 Reply to winsabokk
      • I'm not saying everything is perfect. As for markets, I don't think they every go up or down for fundamental or logical reasons all the time.

        As for inflation, sure, I'd rather have some inflation, the fed knows it's better to inflate out as opposed to the alternative of having a prolonged depression.

        Inflation is the hidden tax, you just have to invest accordingly assuming we know how(overweight stocks, don't own bonds). I sold my GLD position to buy more stock instead. I just think better returns are available in chosen stocks.

        I applaud Boehner, Biden, and Reid for getting things done.

    • I'm not sure what the big party is about today. I'm certainly not buying, I wish I had more to sell actually.
      So Mr. Prez targets the 1% for tax increases, but the reality is most of us will by paying more taxes. When BO speaks... I cringe, because he seldom speaks the truth.
      The truth is that about 75% of us will pay more payroll tax, and 100% of us will pay more capital gains tax.
      All the while, no spending cuts.

      What's so good about it ?

      • 2 Replies to rgneckow
      • "So Mr. Prez targets the 1% for tax increases, but the reality is most of us will by paying more taxes. When BO speaks... I cringe, because he seldom speaks the truth.
        The truth is that about 75% of us will pay more payroll tax, and 100% of us will pay more capital gains tax. "

        This deficit is still a problem, but this idea that it's all the president's fault .....that he's some kind of dishonest soul is just whining. The REALITY is that the payroll tax is really only going back to where it was TEMPORARILY cut from. Theoretically, the cost of this particular tax is for the funding of social security. In that sense, it's one of those bills that the future recipient of social security hasn't been paying. What has happened to conservatism when it's main reason to be is to continually ask for tax cuts in opposition to responsibity or reality?

      • Capital gains rates have only changed for the top 2%. 98% of us aren't affected.

    • All the bearishness has been for nothing.

 
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