Financial experts are predicting a recession in 2013 based upon decisions which have already been made. In a sense, it's a recession which has been pre-scheduled.
This analysis is based on the following events:
1 - Tax rates go up when the so-called Bush tax rates expire in 2013.
2 - Tax rates go up higher as allowable deductions are trimmed back.
3 - Tax rates go up even higher as the government health care plan kicks in.
4 - Increasing business regulations and an anti-business press continue to stifle job creation and growth in the US.
5 - And if all this happens in the face of an unresolved debt crisis, it could knock the US down a few pegs in the world economy.
In other words, we're going to be hurting in a big way soon because of our flirtation with a planned economy. It reminds one of the plot in Orwell's Animal Farm, doesn't it?
If these signposts materialize as assumed, one should adjust their personal portfolios appropriately.
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