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Sell the news? As word leaks out about the outlines of an agreement, Bill Gross says a fiscal...

  • Monday, December 31, 2012, 1:28 PM ET
    Sell the news? As word leaks out about the outlines of an agreement, Bill Gross says a fiscal cliff deal is no cause for celebration. Capital gains, dividend, and income taxes are all headed higher, with maybe a wealth tax too. "Reduce risk." Perhaps. Tax hikes aren't fun, but markets seem to hate uncertainty even more.
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This news story has 7 comments:

  • uncertainty
    Uncertainty was eliminated when the Bolsheviks defeated the Whites. Russian markets didn't like it.


    Uncertainty
    31 Dec 2012, 01:43 PM Reply Like
  • and without significant spending cuts, it means nothing long term.
    31 Dec 2012, 02:07 PM Reply Like
  • "Wealth tax"... where'd you come up with that? Btw, check the Constitution, its prohibited.
    31 Dec 2012, 02:13 PM Reply Like
  • I have had people tell me the constitution does not provide that. Why don't they read it, and then defend it. Frankly, I'm worried about stupid. He is coming with a marching band.
    Capt. Brian
    The Lost Navigator
    1 Jan, 10:37 AM Reply Like
  • Hope and change, or better yet "hope for change".... no change in government attitudes, and hope is finally gone.
    31 Dec 2012, 03:27 PM Reply Like
  • Bill Gross couldn't prognosticate his way out of a paper bag.
    31 Dec 2012, 06:12 PM Reply Like
  • Question is, if I cut, will politicians? I have been on an austerity program all my life, it is called saving. Now I am retired and can live without working. Can most Americans retire on their $6000.00 savings?

    We must stop spending, tax increases cannot do it. Not even close.
    Capt. Brian
    The Lost Navigator
    1 Jan, 10:39 AM Reply Like
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