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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (99928)11/21/2003 9:35:48 PM
From: Joan Osland Graffius  Read Replies (3) of 132070
 
From ask fleck tonight.

hi Fleck! - the most important item I want to discuss is your holding Ausie dollars as a hedge. I am sure that this is a good idea - however what you and your readers may not be aware of is what is happening in Canada. I have lived in Canada for 34 years and the current incumbent Prime Minister Jean Cretien is leaving office on December 12th. Just for your information - Jean Cretien has not been responsible for the economic success of the nation - i.e. are we not the only G-7 nation with a surplus? A budget surplus that has been continuing and consistent for quite awhile, (We also have alot of gold mines and oil reserves) - it is all Paul Martin - You see Paul Martin is a successful multi millionaire businessman who's father at one point was and is today one of Canadian History's greatests delegates. Paul will be the new Prime Minister - He was previously the finance minister in cabinet before Jean threw him out - knowing that he was going for the leadership - anyway - all in all what I am trying to say is that if you thought that the Canadian dollar was a great hedge before - consider it an even greater hedge post December 12th as it was all Paul that took us to where we are today and I am sure that he cannot wait to improve on this perspective going forward -

Just FYI • From a Canadian reader - I own canadian dollars too...
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