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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: re3 who wrote (67606)10/9/1999 1:11:00 PM
From: Greg Jung  Read Replies (1) of 86076
 
" oil going down is like a tax break.." Yes but remember that
oil price has DOUBLED and better since march, pump prices up 30%
and that is like a tax increase ... which hasn't yet affected the economy. We had our "tax break" and inflation-resitant coating when
the dollar was at 125-140 yen. Now with dollar at 105, Japanese are
the ones with a tax break vis-a-vis oil, oil producers are getting
stuck with the tab and US import market will no longer be such an easy mark.
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