....AND THE PENDULUM SWINGS.....

[JURIST] The Cuban government on Thursday announced the passage of a bill that will modify its housing law to allow permanent residents of the country to buy and sell their homes [AIN report, in Spanish] at will. The new law, which will take effect on November 10, will still limit home ownership to one house in the city and one seasonal house in the country, but will allow Cubans the freedom to buy, sell and trade these homes at their discretion. All transactions will take place through Cuban bank accounts [AP report] so they can be regulated, and parties will be required to obtain a seal of notary for every transaction. There will also be bank commission collected for each sale and a tax of 8 percent of the value of the property.

....BIG GOVERNMENT.....SMALL GOVERNMENT....BIG GOVERNMENT AGAIN....

And humans try all sort of experiments....Then they reach the extremes of the experiment.... Excesses and distortions become evident because moderation is not part of the experiment...and then we go back to the beginning......

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George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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