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To: Les H who wrote (108221)6/12/2001 4:04:37 PM
From: maceng2  Read Replies (1) | Respond to of 436258
 
Les,

Re the euro conversion link...

I was around when the UK converted from sterling pounds/shillings/pence (240 pence to the pound) to decimal pounds/pence (100 pence to the pound). On conversion day everything got rounded up. Zilch got rounded down. Many decided to increase the prices anyway. The best way to combat the effect of all these sudden price increases on your own standard of living was to charge more for whatever your business was.

Based on that experience I would say the Euro bankers will do well to see price increases restricted to just 1%.

McLaren report for today. Not much interested in the weak rally. He seems to have a gauge on the market though.
mclarenreport.com.au

Liked the action on miners today.

pearly.