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Monday, June 29, 2009

What is ahead for market

Wall street affects main street, but all is not well in either. Because sales are so low, the companies are forced to lay off more workers. This will cause sales to fall further as people have less money in the future.

Do not be fooled by all the rosy predictions by analysts, our situation is getting worse. Take a look at states in crisis like California. During this downturn, sales tax revenue is falling fast. This means states cannot pay their bills so must raise taxes even more.