An obscure ZIM in Africa traded Down Under Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Snowshoe who wrote (197)	8/5/2002 4:33:51 AM
From: Maurice Winn	Read Replies (1) of 867

<Folks who depend on fixed income investments for income are slashing their spending because because of the drop in rates.> Snowshoe, that's a factor that few people mention. Jay has mentioned the poor people who earn a hamburger a week with their huge US$ deposits, but most people think low interest rates only increase spending, forgetting the other side of the ledger. But by cutting interest rates, those people do get a big tax cut! Small consolation they'd say. Especially if inflation takes off and there they are getting 1% with inflation at 5%. From a government point of view, it's a big tax cut. But it's made up somewhat by a lot more printing of freshly-minted dollars. Keeping a weather eye on that Aztec stuff, just in case. Mqurice

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next