Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Elroy Jetson who wrote (56957)	12/5/2004 8:40:06 PM
From: Louis V. Lambrecht	Read Replies (2) of 74559

I didn't spoke of the thru transit which is discouraged. I speak of profit taking: Towels Mfg Co. of Greece sells at loss (no tax due) to Imex Co. of Switzerland. Wholesaler Co. of the UK, buys towelsa at outrageous high prices from Imex Co. and can't resell the goods but with a marginal profit, if profit there is (no tax due either on profits). Imex Co. is in the 15% tax braket. Instead of the average 35% of most countries. Just FYI re: Sabena. The Belgian gov. complied to European directives concerning liberalization of transport. Not a "political decision", next problem is liberalization of the ralways. FYI, EU prohibits the sale of gov. assets to balance their debt (Maestricht Treaty). Sabena (Such A Bad Experience Never Again <g>) had good and bad years, but was back on track when the gov. sold the shares to Swissair. Sabena had to be balanced to attract buyers. Still waiting for the money to be paid.

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