The Great Recession – EU's Turn Again 2012

Below is the forecast dated Sept. 3, 2012: “EU will officially in recession by Sept. 20 or 21, 2012” as post on WAIS.

Excerpt: “Happy Labor Day! For Ireland, 12.5% tax of SOMETHING is better than 35%, or as Romney proposed 25%, of NOTHING.

With regards to the fiscal cliff, we now have a $16 trillion deficit, a slow economy and a real estate-housing industry that has been in depression since 2007. How will the next administration stimulate the economy, reduce deficit and raise taxes or extend the Bush tax cuts all at the same time? The way we wasted our time with election, the fiscal cliff will most likely happen in 2013.

Then there is the EU debt crisis, which I believe will officially put Europe in recession by September 20 or 21, 2012. One way or another, the US economy will be affected by a European recession. ECB Pres. Mario Draghi did not attend the annual meeting at Jackson Hole.

JE comments: How much has Ireland’s 12.5% corporate tax rate helped since 2008? For example, have many corporations relocated there since the crisis began? Nobody has the stomach for a “fiscal cliff”–I thought we already fell off one. And aren’t several nations of Europe already in recession–Spain, Portugal, Greece, Italy… and Ireland?

Note that Bienvenido Macario’s “cliff date” for Europe is not far away: 21 September“ (Actually it was Sept. 20 or 21, 2012 BM – 09-21-13)

World Economy – More US Firms Move Abroad; on the ‘Fiscal Cliff’ (Bienvenido Macario, USA) Mon, Sep 3, 2012 at 5:13 AM

http://waisworld.org/go.jsp?id=02a&objectType=post&o=71880&objectTypeId=64641&topicId=196