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To: Les H who wrote (11947)7/31/2003 10:38:51 AM
From: fattyRespond to of 306849
 
>they also have stiff sales taxes to discourage imports, and in some cases, rebate sales tax to domestic competitors in the same industries. price of their goods here would be much higher if currency rates were floated and reciprocal politices on VAT, tariffs, and other taxes were imposed here.

But at the same time, they also have irrational desire for US made products. If you sell two identical products in China, one labeled with 'Made in China' and another with 'Made in US'. I'm sure the 'Made in US' can fetch a much higher price after tariff, rebates etc etc.



To: Les H who wrote (11947)7/31/2003 3:30:11 PM
From: Les HRespond to of 306849
 
Pricing in rate hike

Eurodollars (0#ED:) are pricing in a 0.25 point hike in the Fed's 1.00 percent funds rate by the first quarter of next year even though Fed officials have promised to keep rates low for a long time to come


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