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#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||
#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||
#3 And who didn't see this coming? Anyone? Anyone? Buller?
Posted by DarthVader 2012-11-13 08:31||
#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||
#5 Yes, Shorting America. You'd almost think the money people planned it all that way.
Posted by Procopius2k 2012-11-13 09:49||
#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||
#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||
#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||
Posted by Dale 2012-11-13 12:29||
#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||
#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||