2002 Canadian Stock-Picking Challenge Message Board

STOCKTALK

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Strategies & Market Trends : 2002 Canadian Stock-Picking Challenge

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To: LTK007 who wrote (566)	3/24/2002 2:20:49 PM
From: Canuck Dave	Read Replies (4) of 1590

Hi max, people are pretty quiet right now. It's been coming for a long time, but there will be some ramifications, particularly here in BC. Personally, I have mixed feeling about the tariff. Unfortunately, the Americans have a point. We do subsidize our lumber industries with a Forest tenure system which yields low stumpage rates for the government. The forests are essentially fiefs of the lumber companies and unions, who split the profits (forest wages up here are double what they are in the US). Until we get an auction system to get fair value like you guys have, this problem is never going to disappear. In the larger scheme, Bush is sending clear signals that free trade is strictly do as I say and not as I do, particularly if there's a few votes in it. I hope it doesn't ignite a trade war and energize the great capitalist cycle once again, which is Prosperity, Inflation, Depression, War. Protectionism is both inflationary and a harbinger of the depression. I am NOT optimistic about the immediate future for either of our countries or the world. The check for the excesses of the 80's and 90's is just about to be delivered. "Do you take plastic?" CD

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