Canadian vs. US Banks--Better PE and rising C$ Message Board

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Non-Tech : Canadian vs. US Banks--Better PE and rising C$

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To: StockTrakker who wrote (124)	7/23/1997 10:18:00 AM
From: andy	of 230

Visited Malaysia the other day (Melaka to be precise) ... this weekend I'll be in Indonesia. Everyday I talk to people across South East Asia ... when was the last time you saw starving people and open sewer lines ... hey wow I guess living in Singapore means that I shouldn't give a crap about the health of the Canadian banks. You are fooling yourself ... weak banks in the Western world aren't going to feed empty stomachs. Growth isn't going to appear spontaneously just for the sake of it and humanity isn't an economic process. Canadian banks here in the real world where more people exist than anywhere else are INFANTS in the economic sense ... yes INFANTS because of the short sightedness of politicians who want to constrain the banks with obscene rules. Keeping Canadian banks for Canada means that every single Canadian company in Canada is harmed because they face additional costs overseas. What volume of Canadian dollar futures goes around this great big world ... does anyone really care outside of the borders of the Great White North. We've got great, excellent world-beating companies that chronically underperform because we want mediocrity. It's these world-beating companies with some kind of ethical backbone that are trapped by an unwillingness to slug it out in a level playing field. Your economy is only remembered for it's latest protectionist policy ... A billion isn't a lot of money when you look at capital employed. In fact it's an embarrassment.

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