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Strategies & Market Trends : Charts & Scans
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To: Jeff Jordan who wrote (2289)11/6/2002 8:44:54 AM
From: robert b furman  Read Replies (1) of 5125
 
Hi Jeff,

All rate cuts help me - I floorplan 5-11 million worth of new vehicles.

Floorplan is a dealers largest single expense (except people).

I think the largest impact will be those in fixed income.

Just think if you had 10 million and lived on the coupon - your income is down to less than 200,000 and you must pay the highest tax bracket.

I don't know many people worth more than 10 million - but the two I do know spend a whole lot more than 150,000.

I think it will accelerate a transition from bonds to equities.

JMHO

Bob
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