Wednesday, March 29, 2006

Accts & taxes

The Fed raised rate by ΒΌ% as expected an the press release was interpreted as more hawkish as indications are higher rates still possible. Stocks got sold, US long rates were higher and as was the US dollar. To introduce a technical jargon; the yield curve steepened; this means the longer end 5 to 10 yrs went up more den the front end, 1 to 2 yrs.

Here's something for all u budding accts helping high rollers. haha
TAXES...............................
Tax his land, tax his wage,
Tax his bed in which he lays.
Tax his tractor, tax his mule,
Teach him taxes is the rule.

Tax his cow, tax his goat,
Tax his pants, tax his coat.
Tax his ties, tax his shirts,
Tax his work, tax his dirt.

Tax his tobacco, tax his drink,
Tax him if he tries to think.
Tax his booze, tax his beers,
If he cries, tax his tears.


Tax his bills, tax his gas,
Tax his notes, tax his cash.
Tax him good and let him know
That after taxes, he has no dough.

If he hollers, tax him more,
Tax him until he's good and sore.
Tax his coffin, tax his grave,
Tax the sod in which he lays.

Put these words upon his tomb,
"Taxes drove me to my doom!"
And when he's gone, we won't relax,
We'll still be after the inheritance TAX

Hey maybe you'll get a refund!!

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