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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (197)	8/5/2002 4:33:51 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 867

<Folks who depend on fixed income investments for income are slashing their spending because because of the drop in rates.> Snowshoe, that's a factor that few people mention. Jay has mentioned the poor people who earn a hamburger a week with their huge US$ deposits, but most people think low interest rates only increase spending, forgetting the other side of the ledger. But by cutting interest rates, those people do get a big tax cut! Small consolation they'd say. Especially if inflation takes off and there they are getting 1% with inflation at 5%. From a government point of view, it's a big tax cut. But it's made up somewhat by a lot more printing of freshly-minted dollars. Keeping a weather eye on that Aztec stuff, just in case. Mqurice