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To: Zardoz who wrote (73507)	7/16/2001 5:47:07 PM
From: marek_wojna	Read Replies (1) \| Respond to of 116753

Hutch, keep the balance. They'll buy us on credit, go chapter 11 - and then what? Will yo send Canadian Army to act as a sheriff?

To: Zardoz who wrote (73507)	7/17/2001 11:31:51 AM
From: Ahda	Read Replies (1) \| Respond to of 116753

How do i quantify risk much like when i said the cost of groceries are to high here. You at that time recommended I shop in BC. Canada has pretty good rules regarding food so perhaps someone will and your cost will appeal to a company here. Now property here has gone up so much that there is the start of a slow down happening here. Incomes aren't high enough to meet the price of the property. Financing in all forms is holding this bobble up due to interest rates and refinancing but the financing industry is not enough to maintain a stable economy never mind increase growth. Financing is the means too, not the end all. There has to be appeal for growth and the outlay of your dollars reasonably assuring you that within a five year period you have a good chance of break even then profit. Here the risk associated with new development is very high because of the non inflation we have experienced in the last five years. The Janitors got higher wages they truly needed. In conclusion i see costs as being primarily wage driven and development being close to nil until profit potential becomes attractive again due to lower costs. How long this will go on before we have a plunge and rebuild i don't know. We just might of hit the mature stage here and hobble along for quite a while as we gradually increase our dependency on exterior sources due to the strength of our dollars buying power elsewhere. Well rounded growth is highly unlikely in my opinion due to basic costs being too high no matter what the interest rates are. Capitalism is freedom to invest for the greatest return Citi Bank Asian growth had very nice figures. Tinkering with an economy is very unwise. When you hit the zero level on interest rates what do you do?