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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (319658)1/9/2007 10:17:44 AM
From: Road Walker  Read Replies (1) of 1577019
 
re: The discussion started with Shorty's claim that Perot thinks the current 15% capital gains rate is so high he has decided to park his money in tax free bonds. While Perot might have done that, he is more than a little eccentric, it is a dubious proposition for a number of reasons.

First of which is that as interest rates increase then the value of his bonds decreases. And (IMHO) over the medium term interest rates are more likely to increase than decrease.
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