Silicon Investor (SI) -- The First Internet Community

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 : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (36440)	7/3/1999 7:16:00 PM
From: Zeev Hed	Respond to of 116759

Hi, Ron, long time no see. Yes, gradual changes, when they attempt sudden changes in taxation, spending or whatever they do, the governments always precipitate major dislocations. An example I like to cite is the sudden change in taxation rules relative to real estate (the at risk rule), the sudden change, and retroactive to transaction consummated prior to the implementation of the new law, debased billions of dollars of real estate business that was based on the government subsidizing less than perfect transactions. The result of the sudden change gave us, of course the S&L crisis. By the way, can you visualize financial markets without "treasuries"? That what you'll have if we pay down all our debt. Zeev