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California says you’re not paying enough in TAXES!
February 7 @ 7:00 pm - 7:55 pm
California lawmaker tries to increase taxes AGAIN… this time on legal, accounting and other professional services. When is enough, never enough? When it comes to taxes on Californians!
David Fischer CEO Of Landmark Capital says we’re on a roller coaster ride in the Bull Market right now. It was a minor correction because of the Federal Reserve. What’d they do? They sold their Treasuries. It’s the key to what’s causing the panic.
Fed sold $27 billion in securities this month. $16 billion were rolled over. $11 billion were rolled OFF the balance sheet (sold). They’re going to do it again next month, and the next, and the next. They know it’s going to negatively impact the stock market, but they don’t have a solution that WON’T have a negative impact.
They created a bubble thru quantitative easing and artificially low interest rates. Now they have to let it out.
If people get tired of the roller coaster ride because of minor market corrections, people will start exiting the stock market. And that could cause a mass exodus and bigger panic.