09-14-2012, 12:06 PM
I would hate to state the obvious but America's dominance in international power and domestic economic expansion occurred during the late 1950s and 1960s when tax rates were the highest and when we were not burning our resources in foreign wars.
I'm sure though someone will dispute this simple observation, and suggest that despite the deficits we've generated with the tax cuts since the 1980s and recent wars our nation will be stronger with more tax cuts and more gunboat diplomacy. But you know what? I expect those on this board are not quite so inclined to jumping to that conclusion.
On the PNG front, a little profit taking today as the rest of the market rallies. Options expiration is ? and max pain is ?
I'm sure though someone will dispute this simple observation, and suggest that despite the deficits we've generated with the tax cuts since the 1980s and recent wars our nation will be stronger with more tax cuts and more gunboat diplomacy. But you know what? I expect those on this board are not quite so inclined to jumping to that conclusion.
On the PNG front, a little profit taking today as the rest of the market rallies. Options expiration is ? and max pain is ?