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To: Bat Man who wrote (3578)3/4/2003 2:39:29 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 5423
 
strongly disagree
if Canada proceeds down the same path as the USA,
then you will reap the same reward -- FINANCIAL DESTRUCTION

so what if your exports to US customers cost more?
from 1988 to 2001, the US exporters suffered the same fate
big deal, not as large a punitive situation as you make it

the benefits of a stable currency are vast
you will attract foreign capital when the US fails to do so
your interest rates will stay low after US rates reverse upward
your commodity costs will be lower, even as our rise
your domestic mineral and resource business will soon take off
the costs of these delivered materials will be kept low
as a result of these many benefits, your economy will remain stronger
you overlook this entirely

US RATES WILL REVERSE, AND HEAD UP
our imported price inflation will show up soon
our difficulty in attracting foreign capital will occur soon
foreign selling of USTBond is TOTALLY TOTALLY overlooked

your Canadian stock market will benefit from a rising currency
even as our US stock market descends lower

you miss the benefits, my man
US Economy will enter a nasty second recession soon
your Canadian economy will stagnate, but not go into recession
if you do, it will not be anything like ours

if Canada does not depart from mimicking mindless US policy,
you will walk down the same destructive path
you must depart from our policy, save your currency, keep your rates slightly higher, and prosper

/ jim