Taxmageddon Will Hit on January 1, 2013

Written by Gary North on April 12, 2012

The Bush tax cuts will expire on January 1. The Obamacare taxes will hit, unless the Supreme Court declares the law unconstitutional. The average Joe has no idea of what’s in store for him. The liberal Washington Post calls this taxmageddon. I like the phrase. It has a sense of reality about it. Here are […]

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California Home Sales Rise, But Prices Fall

Written by Gary North on March 16, 2012

The news from California is bad for home owners, better for first-time home buyers. But the buyers would be wise to rent a bit longer and shop for a really desperate seller. There will be lots of them. Home sales rose in February. The increase, year to year, was 8.5%. But to generate these sales, […]

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Manufacturing: Positive but Slowing

Written by Gary North on March 2, 2012

The Institute for Supply Management issues a monthly report on economic conditions in business. It is based on a comprehensive survey. Investors pay attention to this report. The report for February was positive for manufacturing: above 50. But it was lower than for January. “The PMI registered 52.4 percent, a decrease of 1.7 percentage points […]

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