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Politics : Formerly About Applied Materials
AMAT 321.42+5.7%12:52 PM EST
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To: Jacob Snyder who wrote (65001)7/23/2002 6:56:16 PM
From: paul_philp   of 70976
 
Jacob,

A distant early warning signal. The canandian economy, which has been hot so far this year, has some initial data showing a consummer retrenchment. The CDN$ has been getting slaughtered the last 2 days. The 'Canadian Fed' has raised interest rates twice in the past four months and may have hit the brakes too hard. Now we have higher rates and a lower currency. As Orwell might say, ungood.

Paul
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