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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (14497)	10/23/2002 8:32:15 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 57684

Well, O'neill is lacking something in the charisma department, but I doubt a Wall Street type would go over very well right now. I agree, there are things Bush could be pushing that would help the markets. Changes in cap gains and dividend taxation are the most obvious. Of course, the Dems won't let either happen because 1) they want to raise taxes - they're all deficit hawks now, you know - and 2) these kinds of tax changes are easy targets for their "tax cuts for the rich" rhetoric. As for VC purse strings, I'm not sure what will loosen them up. I think too many are still nursing their wounds and dying portfolio companies from before. Plus, some of them seem to enjoy the current buyer's market too much - they seem to like squeezing out incentives with bad deal terms (not valuation, but preferences and such). According to Red Herring, some of the west coast and Boston VCs are learning that doesn't work, but I'm not sure that attitude adjustment has spread very far. The good news is entrepreneurs are learning how to bootstrap again, and generally to be responsible with money. I think they are, anyway. Bob