Robert Folsom's Market Report

Written by Paul Diemer


Q. How Does It Feel To Be A Rate Cut? A. Anticipated, Talked About, Hoped For,and Completely Ineffective? 11/6/2002 2:33:14 PM

Commenting onrepparttar Federal Reserve's unprecedented 11 rate cuts in 2001, an article inrepparttar 112735 Nov. 5 Financial Times asserted, 'The notion that rate cuts to date have had no effect is wrong. The course ofrepparttar 112736 economy inrepparttar 112737 absence of action would have been worse…'

That statement expresses whatrepparttar 112738 recent surge of speculation about 'Whatrepparttar 112739 Fed Will Do' has already confirmed:repparttar 112740 public still believesrepparttar 112741 Fed can 'fix'repparttar 112742 economy, and that rate cuts arerepparttar 112743 way to do it. From there it's not a stretch to sayrepparttar 112744 public also believes rate cuts are good for stocks -- in fact, several stories last week quoted 'expert analysts' saying as much.

Yet history shows justrepparttar 112745 opposite.

Regarding Japan,repparttar 112746 consensus among U.S. economists is thatrepparttar 112747 Japanese central bank 'cut rates too slowly.' Yet look atrepparttar 112748 NASDAQ's performance during last year's aggressive policy of 11 cuts in 12 months. It's hard to tell which fell more rapidly -- rates orrepparttar 112749 stock index's overall trend.

The point is not to bashrepparttar 112750 Federal Reserve orrepparttar 112751 public for believing in it. Some Fed officials have themselves warned that monetary policy cannot fixrepparttar 112752 market or many ofrepparttar 112753 problems withrepparttar 112754 economy.

Swiss Offshore Bank Accounts

Written by James Hennessy


Swiss bank accounts have a long history of excellent personal service and high levels of secrecy. The Swiss bank accounts provided by this leading Swiss bank are excellent.

ABOUT THE BANK You can pay earnings, salary, and revenue or in fact any money into your offshore account by bank transfer...it's that easy! You can then watch your wealth grow and when it comes to withdrawing your monies, you can transfer money whenever you want.

PRODUCTS You no longer do you need to be a millionaire to open and run Swiss bank accounts. There is just a $50 minimum balance. There are no fees to Wire money in and low fees ($15) to transfer money out. You can transfer money in and out of your account without notice.

This Swiss bank offers FREE offshore currency dealing in US Dollars, Euros and Swiss Francs.

ACCOUNT HIGHLIGHTS

o Open a Swiss bank account online from almost anywhere inrepparttar world.

o Guaranteed privacy - your details are securely stored.

o Easy access: your money is always available - no notice required.

o All accounts opened promptly, usually within 7 days.

o Diversification: You can maintain liquidity in three major currencies: Swiss francs, Euros, and US dollars.

o You can wire money in and out ofrepparttar 112734 account to any other bank account inrepparttar 112735 world.

o Free online banking available.

o $50 minimum balance required.

o No minimum or maximum withdrawal limits.

o Attractive interest rates paid on your account on every dollar, euro or dollar.

o The Bank is a fully licensed Swiss bank (since 1995) and supervised byrepparttar 112736 Swiss Federal Banking Commission.

o Safety and security: You getrepparttar 112737 safety and advantages of a Swiss bank even if you're not in Switzerland. All communication is strongly encrypted. Withdrawals only occur to a bank account in your name.

o No charges for currency dealing or foreign exchange dealings.

o Friendly and approachable Swiss bank.

Q1. Where isrepparttar 112738 bank located and is it a real Swiss Bank? A. The bank is a fully licensed Swiss bank (since 1995), supervised byrepparttar 112739 Swiss Federal Banking Commission. It is a Zurich-based Swiss Internet bank.

Q2. How safe is my money inrepparttar 112740 bank? A. You getrepparttar 112741 safety and advantages of a Swiss bank even if you're not in Switzerland. All communication is strongly encrypted. Withdrawals only occur to a bank account in your name. Your money is safe in Switzerland, especially due to three institutions:repparttar 112742 Swiss Federal Banking Commission,repparttar 112743 Swiss National Bank, andrepparttar 112744 Swiss Bankers Association. The Swiss Federal Banking Commission isrepparttar 112745 official Swiss banking authority, which is in charge ofrepparttar 112746 supervision of Swiss banks. The Swiss National Bank isrepparttar 112747 central bank of Switzerland. The Swiss Bankers Association isrepparttar 112748 official association of Swiss banks.

Q3. Will my banking be private? A. Absolutely,repparttar 112749 bank follows Switzerland's traditional banking privacy embodied by Swiss banks.

Q4. Can I operate a corporate or personal account? A. Personal accounts only.

Q5. Can I have a numbered account? A. Unfortunately, you cannot have a numbered account with this bank, but we can introduce you to a bank outside Switzerland, which can open you a numbered account. Numbered Accounts information.

Q6. Do I have to declarerepparttar 112750 opening of an offshore bank account? A. No. You should follow your domestic law, but in truth, there is little chance of authorities finding such information out unless you choose to advise them.

Q7. Which currencies can I hold funds in? A. US Dollars, Swiss Francs, or Euros. The bank offers excellent exchange rates.

Q8. What identification do I need? A. All you need to openrepparttar 112751 account is a credit card. 50 units of your currency will be deducted from your credit card and paid into your account. This is to confirm your identification.

Q9. Can I run accounts online? A. Yes.

Q10. How secure is online banking? A. It is worth pointing out that although there have been a number of high- profile scares, as of January 2002, there has not been a single case of an online saver losing money through cyber-fraud. Online banks userepparttar 112752 latest high-tech online security. Online banking uses a variety of security measures to protect your account and details. One such security measure isrepparttar 112753 use of secure connections between your computer andrepparttar 112754 bank's computer. This involves both computers exchanging security numbers in sequence. The two computers then encode and decode their messages. When you closerepparttar 112755 browser,repparttar 112756 session is closed and cannot be reopened, until you sign in again. This is very secure.

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