Global Market Crash Inevitable: World Economies Heading Into Recession, Falling profits and Raising Taxes EVERYWHERE

Global Market Crash Inevitable: World Economies Heading Into Recession, Falling profits and Raising Taxes EVERYWHERE


S&P says new recession hitting euro zone

Global Growth Has Collapsed

It’s why US manufacturing indices are giving off the weakest signs of the economy.

If the US goes into a recession in the next year, this will almost certainly be why.

Irwin Kellner: Falling profits spell trouble ahead, Corporate earnings are canaries in coal mine

France Raises Taxes to Tackle Deficit

Italy Tax Increases Backfire as Monti Tightens Belts

‘This is reality’: Spain slashes spending, raises taxes in $79B austerity plan

Can we avoid “Taxmageddon” in 2013?

After the stock market crashed on October 29, 1929, the government’s solution to the crisis was to raise the top tax rate from 25% to 63%. Successively this was increased to 79% and then to 94%, effectively choking off capital formation, investment, and the incentive to start new businesses.

Read more at [link to investmentwatchblog.com]