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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (21297)	1/13/2005 3:01:37 PM
From: mishedlo	Read Replies (3) \| Respond to of 116555

The idea that the Fed will do anything and everything to avoid a recession is quite wrong IMHO. Let me revise that more accurately... The idea that the Fed CAN do anything and everything to avoid a recession is quite wrong IMHO. My money says they will TRY (especially if we see evidence of a worldwide slowdown - very likely) Mish

To: Crimson Ghost who wrote (21297)	1/13/2005 3:06:20 PM
From: mishedlo	Respond to of 116555

Treasury issues guidance on corporate tax holiday Thursday, January 13, 2005 6:31:59 PM afxpress.com WASHINGTON (AFX) -- The Treasury Department on Thursday issued eagerly awaited guidelines regarding a section of a law that gives companies one year to repatriate foreign earnings at a reduced tax rate of 5 percent. Analysts estimate that a variety of companies will seek to repatriate as much as $320 billion in the coming year. The Treasury guidance specifies that the repatriated funds can be used for hiring and training workers, capital investments, research and development, certain acquisitions, and advertising and marketing. The repatriated funds cannot be used for executive compensation, intercompany transactions, dividends, stock redemptions, portfolio investments, purchase of debt instruments or tax payments