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To: Les H who wrote (106997)6/6/2001 5:13:11 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
AEOS' same store sales for May flat (they were up 23% in May)...canary in the retail coal mine?

cbs.marketwatch.com;



To: Les H who wrote (106997)6/6/2001 7:36:02 PM
From: Skeeter Bug  Read Replies (2) | Respond to of 436258
 
>>Tax cuts aren't inflationary if...<<

there are no ifs. ;-) giving marginal money to everyone but minimum wage earners actually lowers inflation. ;-)

>>you reduce or eliminate the stupid consumption incentives in the tax code. If you eliminate the EITC, the home equity interest and the mortgage interest deductions, and the various 'savings' plans deductions, the tax rates would go down from all, including savers.<<

les, wow, those changes would start a wholesale rebellion. housing prices would plummet. i do agree that you wouldn't have to worry about inflation. more like deflation as spending drops drastically.

politicos would have to worry about assassination!