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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST

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To: RetiredNow who wrote (71224)10/9/2006 10:08:18 PM
From: Eric  Read Replies (1) of 77400
 
MM

OT

Got back from Germany, Portugal and England last Friday night and noticed that things are moving along in Germany this year because the VAT is going up from 16% this year to 19% next year. My German friends who I was visiting with were buying all their big ticket items this year so things look like they will really slow down next year.

Portugal has really boomed since they joined the EU.. The development has been pretty spectacular! Really good roads now, especially to the southern coastal areas where we stayed. England is still moving along and it looks like Real Estate will peak there in the next year and a half.

All in all I think we are slowing down here first in the world economy. Will be interesting to see how things play out in the next few years.
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