MBT.TSE Manitoba Telcom Message Board

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Gold/Mining/Energy : MBT.TSE Manitoba Telcom

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To: Grislee bear who wrote (21)	7/29/1998 12:09:00 PM
From: RBMac	of 37

I hope there won't be an increase. It is bad for the vast majority: job loss, increase debt servicing burden for both private and public, decreased retail and housing sales etc etc..... We can thank Mulroney, Crow (or whoever was Gov of the Bank of Canada) and his admin for the doubling of our debt over his 8-9 years in office. I'd hate to see them going jousting at inflationary windmills by raising rates just when we are starting to knock down the national debt. Fears of inflation are overrated. I doubt that we'll even see rates like the 70s for a long time to come. Unemployment would need to be around 6-7% (or less) and their would have to be serious wage increases. Unemployment has been high since the 70s, and wages have (for the most part) been declining since the 80s (or before). As for MBT, it is strong but this merger between the big boys is a wild card.

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