Market Report for Mar 1-5, 2010
Dear Traders,
Below is commentary from the Agora Report which is focused to US based investors- I think it is relevant to us because of our exposure to our gold/ commodity investments as well as Australian Dollar.
China, Agora reports is more capitalistic than the US, Europe and the UK:· No capital gains tax
· No property tax
· No local or state taxes
· A reasonable 35% tax rate for the highest earners
· Corporate tax rates of zero percent for 3 years and 15% per year after that.
· No property tax
· No local or state taxes
· A reasonable 35% tax rate for the highest earners
· Corporate tax rates of zero percent for 3 years and 15% per year after that.
“Also, most importantly, it’s not a casino economy like the States. China will sell 30% more vehicles this year than in the U.S. 93% of those vehicles will be purchased cash upfront.
9:47 am – FKLI has no follow thru below 1264 !
FKLI was beginning to test 1265 support level !
