Tax cuts would probably flow directly into corporate profits. Companies are lean and mean today, compared with where they were ten years ago and if the economy is going to be stimulated by either tax cuts or new spending, I would prefer tax cuts. I would prefer the approach that is more profit friendly so I guess that means I don't prefer Al Gore's approach.
More Quotes from Christine Callies:Bad news can be good news for equities if the bad news causes the Fed to cut aggressively.
People aren't going to take any position ahead of the elections.
We doubt that the markets are going to take off here. I think we will need more evidence that in fact things are starting to turn.
We don't see any indication that the Fed would have caused to start talking more tolerantly about monetary policy. And we don't think the bond market has any particular reason to go down to lower yield levels.
The Internet stocks are just responding to the rebound in the overall market. They're extremely volatile.
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I left for New York expecting to repeat my success, only to be turned down by almost every publisher in that city, till the Viking Press, my American publishers of a lifetime, thought of taking me on.
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