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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (37434)	7/20/2008 9:47:14 PM
From: 10K a day	Respond to of 217617

>>Germany's Merkel: Econ Conditions Could Get Tougher << I first read that as "Enron Conditions Could get Tougher." Guess i need to practice my reading comprehension...

To: Haim R. Branisteanu who wrote (37434)	7/21/2008 9:26:52 AM
From: elmatador	Respond to of 217617

São Paulo is more expensive than NY for the middle class. Except food all other products that the American middle class consumes are cheaper in NY than in Brazil. US: lower taxes, lower interest rates, more open economy, more competition and lower UDS vs. BRL makes the US cheaper for the middle class. Clothing, electronics, cars are cheaper. Women's Levi's jeans (R$ 54 in NY vs. R$99 in Brazil. Sony Vaio (R$ 1.468,61 in NY vs R$ 2.999 in Brazil), Honda Civic LXS (R$ 30.459 in NY vs R$ 65.460in Brazil). Taxes are 29% do US GDP. Brazil reached 8, 9% first quarter this year. Thomas Davidoff of University California Berkeley says: Taxation is the determinant of the manufactured products in the US. It taxes the profits, not the production like in Brazil. In some states, he says, are even cheaper than NY where sales are taxed at 8, 75%. SOURCE: Folha de Sao Paulo news paper