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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: bramble88 who wrote (32635)	3/16/2003 12:21:28 AM
From: Techplayer	Read Replies (2) \| Respond to of 57110

If congress starts increasing taxes, like the proposed 20 cent/gallon gas tax, we will certainly feel it. I am more concerned about my local sales and property taxes right now. Massachusetts is trying to save 2 billion for the present year and we have a slime ball at the top of the state senate. The senate is cutting healthcare and other services while at the same time adding new aide posts and voting in raises for themselves (Gov. Romney and the Lt. governor are not taking their salaries for the year). Ultimately, I see the senate making me pay more state tax, forcing my town to increase property taxes, forcing the DMV to increase auto excise rates, etc. The state has already started a "voluntary" rate increase on the tax return this year. All MA residents are also supposed to report and pay a use tax for all purchases that the state did not get a tax from. This would include all out of state purchases, internet purchases, etc. Many states are going to have to squeeze the consumer for every dime over the next 2 years.

To: bramble88 who wrote (32635)	3/16/2003 12:44:37 AM
From: Techplayer	Read Replies (1) \| Respond to of 57110

b, an excerpt from a barron's article about the views of Bill Gross' of Pimco this weekend: Disinflation Danger Gross also worries about the annual U.S. trade deficit, now approaching 5% of GDP. "How much longer will the world be willing to devote some 80% of its savings to finance our overconsumption?" he asks. "We've only gotten away with it because we're the globe's primary reserve currency, but fairly soon we're going to be regarded as the emperor with no clothes." If we're fortunate, he says, the dollar's slide will continue at a measured pace. A panic out of the greenback could batter U.S. financial markets, what with foreigners owning 35% of U.S. Treasuries, 23% of corporate bonds, 14% direct interest in U.S. companies and 13% of U.S. stocks.