Economics and Investing:
France’s new Socialist President François Hollande is calling for a 75% income tax! Indigestion for ‘les Riches’ in a Plan for Higher Taxes. If this is enacted, expect to see a wave of emigration. Items from The Economatrix: Has The Perfect Moment To Kill The Dollar Arrived? The US Economy Lost 1.2 Million Jobs In July Oil Drops From Two-Month High in New York as Demand Slides