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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: XBrit who wrote (21887)	9/26/2000 4:27:16 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

Smithers? Didn't he once say (on The Simpsons): RELEASE THE HOUNDZZZZZ!!!!!<g>

To: XBrit who wrote (21887)	9/26/2000 4:32:52 PM
From: IceShark	Respond to of 436258

Americans don't save and they buy houses. Since, even in the US, mortgages seldom amount to 100% of the cost of the houses, the remainder of the money has to come from somewhere. What planet is this guy from? Hasn't he heard of 125% home equity lines or no principal repayment mortgages? -g- Then we have those goofy loans the brokerages have where you can pledge the house and margin out on the equity to speculate in stocks ..... I'm sure there are even more tricks.

To: XBrit who wrote (21887)	9/26/2000 7:34:55 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 436258

JuliusM and All - "...High taxation on the use of oil is very sensible. Not only because of global warming, but because of its response to price changes. Over the long term, a high tax dampens demand and in the short term, the price swings suffered by the consumer are dampened down by the high tax. If only 10% of the price of petrol is the cost of oil, then the oil price can triple while the price at the pump rises by only 20%. This is roughly what has happened over the past eighteen months. Politicians should be thanking the heavens that the tax is so high. Given the public's response to a 20% hike, the mind boggles at how they might have reacted if the price they paid for petrol had tripled...." Does Europe's most exported economist (for cause) happen to be right about a 20% rise at the pump? Thanks, Don