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  • mlg4044 mlg4044 Jan 30, 2013 11:42 PM Flag

    Spain slides deeper into recession !!!

    Global dddoubble ddipp recessionn iss comingg!

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    • Yeah, I just read about that, scary stuff. Funny how this market simply shrugs these things off. I don't think it'll be much longer though (Feb), and we'll see a negative reaction to bad economic news.
      The article concerning Spain's recession stated that "Spending cuts and tax hikes are putting the brakes on growth." Does this sound familiar? Spending cuts and tax hikes, huh, what other country is following this method... oh yeah, the good ole' US of A. More tax cuts than spending cuts, but more cuts are coming. Upcoming defense cuts will be massive enough to have a negative impact on future GDP numbers. The recent tax increases on all citizens certainly won't help either.

 
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