Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Mark Kubisz who wrote (5767)	7/28/1998 8:20:00 AM
From: Peter Moss	Read Replies (1) \| Respond to of 18016

Mark, Raising interest rates would stop the fall for a while. They did this in March or January, but obviously it did not work. Now, Thiessen is playing a hard ball with Bay Street. As much as I don't like his position I have to agree with him. The underlying reasons for the C$ devaluation are many. It is not the commodity prices or Asia crisis alone. To change the fundamentals of this company called Canada, Martin and Thiessen would have to: - reduce national debt * increase personal taxes (NOT LOWER them) * eliminate social/cultural programs and subsidies * reduce corporate income taxes * eliminate subsidies to Universities ( spend half of this money on elementary/high schools, most of your work force is derived from this pool) * LOWER interest rates - protect/support Canadian businesses: * introduce stronger protectionist policies( as much as foreigners can swallow): quotas, tariffs, price supports etc. * incentives/subsidies to service/value added businesses - introduce tax on outflow of capital from Canada: * 3 cents tax on every C$ sold * 1.5 rebate on every C$ bought (This would effectively impose a 4.5 cents spread and keep the speculators at bay.)