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To: uel_Dave who wrote (16978)	4/29/2000 5:36:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 35685

Dave, looks like the recession may start in Canada before winding its way south. May be time to forget the market and have a Moulson. <g> Hey, do they still have the Lone Star bar in Ottawa? They had pretty good tex-mex food, from what I recall.

To: uel_Dave who wrote (16978)	4/29/2000 6:22:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35685

just like in 1997 with Asian Meltdown, the weakest fall first now Europe is in trouble with economy at dead slow (evidence in Euro currency down 15% since Jan99) Canada (with its socialist yoke drag) will slow in NoAmerica first some Asian economies on tenterhooks will falter dunno who or which the USA economy exports will soon show evidence of foreign weaker demand this will actually show up in the figures as accelerating US growth (since inventory and exports are subtracted from domestic production) the Federal Reserve is not stupid but they are proud they might engineer a recession, hoping it is brief and small this is a huge risk they reason (perhaps correctly) that demographic maturation will produce additional trained workers to match corporate staff demands we will see I disrespect with all my being economists' foregone conclusions, their stated sustainable claimed levels (e.g. unemploymt, econ growth, factory utilization rates) one by one, their myths have been shot down by the New Economy and its revolutionary prowess, its unknown dynamic strength Greenjeans knows this and talks openly about it I just hope Grinchberg steps back and allows his hikes to work thru we will have front-row seats for this one / Jim Willie