At the WSJ’s CEO Council, Treasury Secretary Henry Paulson and one of his predecessors, Lawrence Summers, spar over what the most-appropriate corporate tax rate should be in the wake of the U.S. financial-markets meltdown.
IF ANYONE KNOWS WHERE THE FULL VIDEO OF THIS EVENT MIGHT BE, PLEASE LET ME KNOW
11/17/2008
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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November 18th, 2008 at 6:41 pm
BR these type of video links never work for me.
Cost of Berkshire’s credit swaps up four fold it seems. Not good.
http://www.bloomberg.com/apps/news?pid=20601087&sid=awMIhCcHAcXU&refer=home
My house lot size is only 150 x 50. Not enough to do farming. I suppose I’m screwed.
November 18th, 2008 at 6:46 pm
Interesting link JM. The video is dead for me too.
November 18th, 2008 at 6:48 pm
Here is a link that works.
http://online.wsj.com/video/ceo-council-paulson-summers-spar-over-corporate-tax-rates/9051D3FB-3437-4976-B95B-6456A37DBC5F.html
November 18th, 2008 at 7:08 pm
Lowering taxes won’t help. The gov’t has overspent. BR’s state chart the other day showed it well. I got a bad feeling futures are going to be way down by the time we all awake.
November 18th, 2008 at 8:07 pm
Works fine for me now . . .