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Germany today, Russia tomorrow



WAISers have many skills, including that of prophecy. Answering George Sassoon, Cameron Sawyer in Moscow gives this advice: "Deutsche Bank should move somewhere where there is an insatiable demand for capital, high interest rates, high savings rate, most highly educated population in the world, 3% unemployment, low tax rates, no labor unions, a hotbed of entrepreneurship, and a dynamically growing economy -- Moscow. They would laugh if you suggested it today, long and hard. But I predict that they will not laugh for many more years. Europe's great hope is in the East. In no more than about 20 years, Russia will be the richest country in Europe". RH: He who laughs last laughs longest, No hard laughs, please.

Ronald Hilton - 2/28/03


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