Thursday, November 4, 2010

White House to Cave on Tax Cuts? Dow rises over 200.

The White House is now saying it is open to extending all the Bush-era tax cuts, remains against extending them permanently.
Benzinga says the Bush tax cuts would be akin to another $500-$700 in QE. Total cost of all Bush tax cuts. $3.7 trillion.
The Stock Rally Is Going Into Overdrive, As Obama Admits He Will Cave On Tax Cuts. Gold is now up $45 at $1382.

Keeping Bush Tax cuts akin to Tarp 3!  No hope for the poor dollar.

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