Social Media in the Legal Sector | The Big Picture

Macro Notes

The 5th short term tax rebate since ?01 agreed to
Peter Boockvar

I'm not sure if an agreement in Washington over the payroll tax cut is the reason why the market is looking higher again but to put it in perspective, it's the 5th short term tax cut/rebate check agreement since 2001. Bush had his in '01 and '08 followed by Obama in '09 and this year and next. As with any short term policy, whether fiscal or monetary, the economy is left back at square 1 when it wears off. Show me one employer that has or will hire someone new because of these 5 rebates. I'm all for getting our...

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Source: http://www.ritholtz.com/blog/2011/12/social-media-in-the-legal-sector/

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