Cheerleading the U.S. economy has deliberately concealed problems at U.S. companies.

[wilburbear]

Companies are over-leveraged like the Gov.t, and the consumer.

Now, add on the biggest tax increase ever, starting in 5 months.

You should be protecting you and your family's money starting now.

http://finance.yahoo.com/banking-bu...-budgeting&sec=topStories&pos=3&asset=&ccode=

 

[pspr]

Wow! That's scary. The only bright spot on the horizon is the Mayan calendar that ends in two years. :eek:

 

[gastropod]

Thanks for the link!

 

[Gabfly1]

Quote from wilburbear:

...Now, add on the biggest tax increase ever, starting in 5 months...

Are you principally referring to the scheduled lapsing of the Bush tax cuts?

 

[athlonmank8]

Yawn. Not sure what productive things you could be doing instead of worrying, but i'm sure there are plenty.

 

[LEAPup]

WOW! The author didn't pull any punches!

Very scary stuff!

Thanks for the link

 

[MohdSalleh]

Quote from pspr:

Wow! That's scary. The only bright spot on the horizon is the Mayan calendar that ends in two years. :eek:

haha

 

[rickf]

These nonfinancial companies could also be borrowing as much as they can now while interest rates are so low .... hell, why not? If they don't do anything but leave the money sitting in their bank accounts, if/when/as interest rates rise over the next decade, they can have easy access to cheaply-obtained money that is also increasing in value.

That's what I thought when reading the article, anyway.