Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (17306)	3/25/2002 10:30:26 AM
From: teevee	Read Replies (1) of 74559

Dolinar, Fine, now to be more specific, what's the influence these additional taxes have on the cost of living? I assume they are negligible compared to some other source of inflation) and they definitely will not "stall the recovery and push America into recession". The tariffs on steel and lumber are 31%. Adding 31% to the materials cost for steel in autos and lumber in housing, furniture costs etc is not significant compared to inflation rates? IMO, these tariffs are an outrageous tax grab. Low interest rates may keep motivated in spite of price inflation due to material cost increases, but for how long? Also, there isn't exactly much room additional to lower interest rates further if consumers cut back on big ticket items like autos and homes and furnishings due to the excessive tax increase on steel and lumber.

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