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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (3266)4/26/1998 12:47:00 AM
From: kormac  Respond to of 9980
 
From what I read in NYTimes, the fraction of the money to go to
consumers' pockets is small indeed. The article mentioned that they are not likely to change their spending habits.

The KS11 sliding is likely to have been caused by this:

biz.yahoo.com

Seppo



To: Zeev Hed who wrote (3266)4/27/1998 2:01:00 PM
From: HB  Respond to of 9980
 
As you probably know,
temporary tax cuts may be less likely to be spent
than permanent ones.
(a point made famously long ago by Milton Friedman. Actually
I don't know if he was the first to make the point, but I think
he did some empirical work that supported it.)

HB


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