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And Wal-Mart shares today Eric trading they were just up the point 6% while at the moment ago.
Problem after moving up the date of its fourth quarter dividend payment that way it's going to you -- it's above half percent -- it's gonna be able to avoid.
Potential tax rate changes on generate first you know the 50% dividend tax rates gonna rise to as much as 39 point 6% our next guest says it's another example of how the fear of the cleft.
Can be worse for the markets in the clip itself John Brown of Euro Pacific Capital joins us now thanks for BM whether it's John so what about that there's going to -- -- up.
Vs the actual impact of fiscal -- I think -- the cuts that would come on January 1 less than a hundred billion and a three and a half trillion dollar budget.
Yes nearly -- right I think -- out of the unknown is worse than matter facing something that you know.
It's a sad thing that often -- to go ahead of the roads.
Hum -- showed that the only Sutton today that we face is uncertain did.
It kills human endeavor.
In the -- creating encourages more more casualties it investments.
It makes people risk averse and therefore they hoard cash.
I mean business it makes people risks risk averse and they therefore do not invest in bombed or jobs.
And that is why a lot of the money from QE.
-- huge amounts are created money since betting money is getting.
Festival in the bank deposits and not into jobs and it's very very bad -- it portends.
Economy and other words of recession -- and policy.
And companies are cutting back already durable goods orders in September fell the Wall Street Journal out of the store today saying that of the forty biggest publicly held companies in the economy.
Twenty album have cut capital spending eager to the the for this year or next year in anticipation of all that.
-- -- But this -- of the bush tax rates that it Obama wants to go up on household over 250000.
Does that have to be -- Well no but he's made is it.
I -- any comes in -- thing this not to be moved on and I find that incredible.
And of course where we did have.
Bipartisan agreement was in they Simpson Bowles.
Commission -- I thought that was excellent because it wasn't that -- -- it was -- gradual.
Crime more descent would the descent meeting cutting back in government in big government which is the biggest.
Problem of the whole -- Is that our government has become so big so intrusive and so expensive that it is squeezing individuals.
In the middle.
And wages have been flat.
Wages have been fat real wages are down and that is why you see is you've just announced the full of great increase in -- -- credit -- And -- ninety days behind in payments.
All of this put more vulnerable to any prisoners in our government yet we'll take it reportedly -- right now all right I can only end in trouble -- and so -- that today though the Dow up 168 defying all those -- -- out there I guess because they got beat up so -- -- thanks for being with -- John -- appreciate it.
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