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By Richard Fernandez

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July 15, 2009 - 9:39 am - by Richard Fernandez
Josh
2009-07-15 23:34:36

How can individual taxes be down a ton, but employment taxes flat? Guess “individual” includes a ton of self-employed, and those must be down like 80%. Also capital gains being replaced by capital losses – stock market loss deducations are going to be heroic this year!

btw, I agree with Eggplan #24, it’s obvious to me the Fed has been manipulating not just the debt markets but the equity markets, for some years now. Just wait until this secret comes out, as I suppose it must, eventually, speaking of gravity.