ONLY $1 TRILLION IN NEW TAXES? COME ON…YOU CAN DO BETTER THAN THAT!

ONLY $1 TRILLION IN NEW TAXES? COME ON…YOU CAN DO BETTER THAN THAT!

[email_link] President Obama’s health care law raises taxes by $1 trillion, according to a new report from the Congressional Budget Office. The individual mandate — which the CBO calls a “penalty tax,” in apparent deference to Chief Justice John Roberts — will produce $55 billion in “penalty payments by uninsured individuals,” the CBO told House…

kaltbaum premarket

kaltbaum premarket

Last night, I added in one point that we have to be aware of Big Ben…meaning Bernanke and his printing of trillions. I should have said to be aware of big Mario because the ECB President Mario Draghi, on purpose…said this earlier this morning:   “sharing national sovereignty on EU level to come” and that…

KALTBAUM PREMARKET

KALTBAUM PREMARKET

Another planting of a story, fake or not, saves the day for the market yesterday and enables futures to be up a wee bit this morning…though NASDAQ futures down because of AAPL.   Forgetting the “in plain sight” fraud, markets remain in range with bias to the downside out of this range. If the range…