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

To: pater tenebrarum who wrote (41722)	11/29/2000 9:39:47 AM
From: AllansAlias	Read Replies (3) \| Respond to of 436258

Let me be the first to say it -- NDX touches the 2500's. How many times did we doubt it this past spring and how many taunts did the zone receive saying it was lunacy to project such a number?

To: pater tenebrarum who wrote (41722)	11/29/2000 10:22:02 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 436258

hb - mises.org "...The Heritage Foundation used the occasion to issues its first Spanish Language edition of it famous Index of Economic Freedom, over 400 pages of analysis about every nation in the world. Each is rated comparatively for trade policies, property rights, tax rates, regulatory climate, monetary policy, inflation, and other aspects of economic and political conditions. Top rated in order are Hong Kong, Singapore, Ireland, New Zealand, Luxembourg and the U.S. From the bottom up are North Korea, Libya, Iraq, Cuba, and Iran. Most of Latin America is rated in the 30's and 40's with some glaring exceptions such as Brazil at 93 out of the 155 nations listed. The study finds in most cases a direct corollary between economic freedoms and prosperity. It is also available on the internet. The big news was a rumor that Heritage was planning to downgrade the United States for its next edition because of the erosion of property rights from growing police and bureaucratic powers. ..." "...Protectionism, he warned, often took new disguised, most recently "food safety," "child labor," "growth hormones," "environment," and so on. Le Page also warned of the rising power of single issue NGO's opposed to trade, as new threats. The basic theme of all attendees was that free markets and freer world trade were the key to prosperity and peace, while protectionism would lead to depression and wars. Equally all movements for so called "fair trade," and equalization of taxes and regulations as being adopted in Europe are threats to the current system of competition among nations to become efficient and competitive. Le Page explained how NAFTA, which doesn't exclude non-member competition, was growing at twice the rate of Euroland which was becoming more and more exclusive and protectionist. ..." "...Mexico's economy was said to be the bright spot in the hemisphere and Brazil was declared as finally doing much better. Carolina de Bolivar, director of Mexico's Ludwig von Mises Cultural Institute, was very optimistic, saying, "Many of our members and friends are now in the new Congress or working with the transition for Fox (the new President). However, since the meeting, Fox has announced plans to increase taxes and crack down on the informal economy. If there are Misesians around him, they may begin regreting their support. ..." "...Privatizations that went wrong were criticized in a paper by Alvaro Vargas Llosa, read by Enrique Ghersi, Director of Peru's think tank, CITEL. Companies were often sold at the highest price to raise money for governments, and then just preserved monopoly ownership for their new buyers, instead of being privatized in a way so as to create competition. ..." "...Fred Smith, President of the Competitive Enterprise Institute argued that GATT had been a better agreement than the World Trade Organization because the WTO allows cross retaliation from trade disputes. He and others also warned that allowing NGO's (Non-government organizations such as labor or environmental groups) into the WTO, as is now proposed, would disrupt world trade and turn the WTO into a political organization instead of a trade one...." "...Wolfgang Kaspar of Australia's Center for Independent Studies told how the European project for "tax harmonization" was really to stop tax cuts and competition. It was directed against member nations such as Ireland with low corporate taxes which were taking companies and business away from Germany and France. ..." "...New Zealand was the conference's great disappointment, switching almost overnight to policies of economic destruction. In particular, a new socialist government had "paid off" labor union support with a new law forbidding companies to lay off workers if their business turned down (unless they went bankrupt) and allowing any two workers to establish a legal trade union in any company. This happened just two months ago and already the economy is beginning to falter, after years of stunning freedom and growth. ..." Regards, Don

To: pater tenebrarum who wrote (41722)	11/29/2000 11:27:40 AM
From: PMG	Read Replies (1) \| Respond to of 436258

re. Wien No, but haven't visited Wien yet and one of friends works there for Berger... perhaps I should go there some time... re. Dezember Rally... So everything has changed now in minutes??? Cant believe it! Looks like a well organized short squeeze to me! I've been taken by surprise and have some put positions deep under water now. But I guess I will hold them till I understand what's going on here though it looks risky. A buying panic could practically erase them....any ideas? PMG