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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (13837)	5/19/2000 5:08:00 PM
From: Hank Stamper	Read Replies (1) \| Respond to of 15132

Wally, Thank you for the pointer to this article posted on the MDD thread. A comment related to the context of that article: The Canadian economy has only just begun to experience stronger growth. We're in an increasing bind: if we match the US Fed interest rate increases, we slow or stall our moderate recovery. Our national budget has a huge current account surplus. Because of this, we have not had to match all the Fed's increases. However, we had to match the one on Tuesday and still, the loonie (yep, that's our buck) dropped against the greenback. Similar processes are unfolding around the world. While Greenspan is struggling to check an over-heated economy, other central bankers are struggling to maintain fragile recoveries and keep balance in their own financial markets. So, part of Greenspan's problem is to slow the overheated US economy without lighting a recessionary spark in the, in-some-cases, tinder-dry economies elsewhere. BTW, happy President's day to the US. We've got <in a fake British accent>, the Queen's birthday--Queen Victoria Day--coming up this Monday too. Ta ta, David Todtman