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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (2789)	12/31/2000 3:35:44 PM
From: Stephen O	Read Replies (2) \| Respond to of 3536

From London Sunday Times today about European taxes For the first time in memory there's some real restructuring taking place. Who would ever believe Germany would be lowering corporate tax rates to the 30% range? Tax reform is happening in France. Cross- shareholdings in Germany are going to get unwound. These things are monumental. The last pillars of old Europe are being taken down," he says.

To: Hawkmoon who wrote (2789)	1/3/2001 4:30:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 3536

Hi Ron, I've been away awhile so I didn't respond earlier. I guess the Greenspan voodoo doll I was working on did the trick ;) My one comment on what you said re OPEC is that I don't believe we are being held hostage to the whims of OPEC. We are being held hostage to our non existant energy policy and the fact that we have discouraged, if not outlawed, domestic exploration. In addition we have greatly hindered the development of new refineries and electric generating capacity. Opec got the whip hand in the 70s and early 80s because of the West's wrong headed energy policy. We got it out of their hands when we encouraged domestic exploration. They now have it back because of our own actions. Personally I think the government has been meddling more than enough. But then I'm a Libertarian so I always think the government has been meddling more than enough ;) Henry