the markets will be ugly monday

[blu]

france just elected a so-called 'socialist', even though he has a number of capitalistic tendencies and leanings, but he is definitely way to the left of sarkozy

greece is in the process of ousting the majority of the parties that supported the IMF/EU bailouts/austerity plans

------

france WAS germany's biggest ally in pushing austerity/IMF plans

the new france leader is planning on stopping austerity by raising tax rates on the "rich"

greece could easily be kicked out of the EU if the new leaders tell the IMF they won't cooperate anymore

------

fun times ahead... lets hope JPM has got enough insurance on their billions in FX holdings

 

[Douger]

Where ? I expect a surge. Copper is in high demand right now, as is nickel,

 

[occupied]

The markets are ugly everyday.

 

[Clementine]

france just elected a so-called 'socialist', even though he has a number of capitalistic tendencies and leanings, but he is definitely way to the left of sarkozy

greece is in the process of ousting the majority of the parties that supported the IMF/EU bailouts/austerity plans

------

france WAS germany's biggest ally in pushing austerity/IMF plans

the new france leader is planning on stopping austerity by raising tax rates on the "rich"

greece could easily be kicked out of the EU if the new leaders tell the IMF they won't cooperate anymore

------

fun times ahead... lets hope JPM has got enough insurance on their billions in FX holdings

Just going to add a few interesting facts, though don't know how they fit in with the scheme of things.

Obama helped install the new IMF president after the previous one resigned amid false claims of sexual assault on that hotel maid. After the new IMF chief was installed, it came out that the guy was innocent and the maid lied.

SCYTL is helping count votes in many countries,including France. Coincidence that more socialists are being voted into office?

 

[California Girl]

Britain's economy will grow though... the wealthy French are already looking at England as their new 'home'. Thanks France!

 

[Douger]

Britain's economy will grow though... the wealthy French are already looking at England as their new 'home'. Thanks France!

HOT tip CG !. Invest in a deodorant distributor !

 

[blu]

Britain's economy will grow though... the wealthy French are already looking at England as their new 'home'. Thanks France!

I hear this alot and it makes sense, but I was wondering if there are any stats on it from the past?

Meaning, are there stats, say in the last 50 years, from wealthy individuals/businesses that left a country in order to avoid hikes in taxes? America has some of the highest buisness taxes in the world, but the companies here did not leave, they just used loopholes to their advantages to get out of taxes. I imainge other countries have similar loopholes and methods for business to avoid taxes.

 

[California Girl]

Britain's economy will grow though... the wealthy French are already looking at England as their new 'home'. Thanks France!

I hear this alot and it makes sense, but I was wondering if there are any stats on it from the past?

Meaning, are there stats, say in the last 50 years, from wealthy individuals/businesses that left a country in order to avoid hikes in taxes? America has some of the highest buisness taxes in the world, but the companies here did not leave, they just used loopholes to their advantages to get out of taxes. I imainge other countries have similar loopholes and methods for business to avoid taxes.

It's been on the news in the UK.... over the past few weeks, there has been an enormous increase in inquiries from French people who will be affected by the 75% rate looking to leave.

They will bail on France, England will benefit. We are not talking about business, we are talking about wealthy individuals. This 75% tax rate is laughable.... when Britain increased it's rate from 45% to 50%, tax revenues actually fell significantly. Higher tax rates just drive people to move their money, and often themselves, out of the country.

 

[yidnar]

imagine what the market will look like if O bama is re elected !!! 4 yrs of nobady to answer to will give him free rane to cripple our economy with entitlement spending !!

 

[blu]

Britain's economy will grow though... the wealthy French are already looking at England as their new 'home'. Thanks France!

I hear this alot and it makes sense, but I was wondering if there are any stats on it from the past?

Meaning, are there stats, say in the last 50 years, from wealthy individuals/businesses that left a country in order to avoid hikes in taxes? America has some of the highest buisness taxes in the world, but the companies here did not leave, they just used loopholes to their advantages to get out of taxes. I imainge other countries have similar loopholes and methods for business to avoid taxes.

It's been on the news in the UK.... over the past few weeks, there has been an enormous increase in inquiries from French people who will be affected by the 75% rate looking to leave.

They will bail on France, England will benefit. We are not talking about business, we are talking about wealthy individuals. This 75% tax rate is laughable.... when Britain increased it's rate from 45% to 50%, tax revenues actually fell significantly. Higher tax rates just drive people to move their money, and often themselves, out of the country.

thank you, stories seem to be showing up more on google now that the socialist guy won

 

[Middleoftheroad]

france just elected a so-called 'socialist', even though he has a number of capitalistic tendencies and leanings, but he is definitely way to the left of sarkozy

greece is in the process of ousting the majority of the parties that supported the IMF/EU bailouts/austerity plans

------

france WAS germany's biggest ally in pushing austerity/IMF plans

the new france leader is planning on stopping austerity by raising tax rates on the "rich"

greece could easily be kicked out of the EU if the new leaders tell the IMF they won't cooperate anymore

------

fun times ahead... lets hope JPM has got enough insurance on their billions in FX holdings

France isn't really a big concern as far as the markets are concerned. Even if some wealthy people leave from for England, the money and the businesses are still there. If they own a business in France it will in almost every case stay there, the money will take a little out of the French economy, but add a little to the English economy, so there isn't really a loss to the region as a whole. In the US its even less of a problem as we do almost double the trade with England as with France.
Greece though is a different subject. I have little hope for further austerity measures there. The only question is what comes first, bankruptcy or being kicked out of the Eurozone?

 

[BreezeWood]

Wasn't France's credit rating downgraded under Sarkozy - a change in their leadership may be taken as a positive by Wall Street, more-so than had he been retained.

 

[California Girl]

france just elected a so-called 'socialist', even though he has a number of capitalistic tendencies and leanings, but he is definitely way to the left of sarkozy

greece is in the process of ousting the majority of the parties that supported the IMF/EU bailouts/austerity plans

------

france WAS germany's biggest ally in pushing austerity/IMF plans

the new france leader is planning on stopping austerity by raising tax rates on the "rich"

greece could easily be kicked out of the EU if the new leaders tell the IMF they won't cooperate anymore

------

fun times ahead... lets hope JPM has got enough insurance on their billions in FX holdings

France isn't really a big concern as far as the markets are concerned. Even if some wealthy people leave from for England, the money and the businesses are still there. If they own a business in France it will in almost every case stay there, the money will take a little out of the French economy, but add a little to the English economy, so there isn't really a loss to the region as a whole. In the US its even less of a problem as we do almost double the trade with England as with France.
Greece though is a different subject. I have little hope for further austerity measures there. The only question is what comes first, bankruptcy or being kicked out of the Eurozone?

You'd be surprised how much you can manipulate their laws to take advantage of their various tax systems in Europe. There are a ton of 'French businesses' that are registered in the UK already - because their tax rates are more favorable. That is likely to increase and the French will pay the price for their silliness. Their country, their business... but I find it funny.... and, yay for the Brits. They need the money.

 

[Dick Tuck]

imagine what the market will look like if O bama is re elected !!! 4 yrs of nobady to answer to will give him free rane to cripple our economy with entitlement spending !!

Why don't you look at the market since he was elected.

 

[RightWingFerret]

its so predictable, even I knew the new jobs numbers were gonna be as bismal as joe bidens memory. and does anyone here expect 250,000 jobs for May? its gonna be interesting to see the excuses from the left if May is worse than April,,,,maybe they will blame it on the Tokyo Tornado?

 

[Middleoftheroad]

its so predictable, even I knew the new jobs numbers were gonna be as bismal as joe bidens memory. and does anyone here expect 250,000 jobs for May? its gonna be interesting to see the excuses from the left if May is worse than April,,,,maybe they will blame it on the Tokyo Tornado?

May wont be worse then April. April was easily predictable as being a bad jobs report. If you watched the weekly jobless claims, they went up every week in April. May started out with a 20k plus decrease. There usually isn't a direct correlation, but the numbers have the tendency to move with each other, for obvious reasons.
However, 250k? very doubtful for May. I have doubts that we will see that number anytime before the fall. Depending on what happens in Europe, we might not see it before next year or even later.