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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (28386)	9/19/1998 7:21:00 PM
From: James F. Hopkins	Respond to of 94695

Hi Monty; That's a keeper, you see something most people missed including my self. But then your in that business. I kicked about it for a different reason. All I could see at the time was that it would hurt people invested in the lower interest bond market ( like munis ) by making them less attractive. While the damage doesn't seem to have amounted to much, that's only because other interest rates fell. The damage is still there but now there is no way to put an amount on what value the munis would have gone to. IT was a robbinhood game but reversed with the real booty going to the Big Boys. I know without even digging into it that when they cut taxes in one area some one else better look out. There is no free lunch, you can take a load off one, but you put it on another. -------------------------- I'm not an expert on Government, but then I've found that don't matter much because the experts don't agree. My younger brother got a degree in political science, and so I have to advise him a lot <g> and I think my having an almost opposing view of what most the collages teach our arguments create a sort of synergy. At times I will take either side of an argument just to see were it goes. I use an old book by "Will Rogers" as my main text book. <G> Jim