Rumor has it that we are about to face an economic collapse in late 2010,...

80'sGirl

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...could this be true? if so can you please offer a link or some sort of statistic and or report to support. Thank you. I have read several opinion blogs, but do not have concrete proof.
 
Here you go. In a nutshell, once the Bush tax cuts expire, taxes are going up on everyone. Businesses are already starting to react by ordering what they can now and taking as much profit this year. It will look like the economy is rebounding towards the end of the year and will collapse probably 2nd quarter of 2011.

Pretty grim, but I can't see how Laffer is wrong.
 
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