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To: Al Stutchbury who wrote (23648)8/28/1998 11:33:00 AM
From: ToySoldier  Read Replies (1) | Respond to of 42771
 
(Off-Topic)Al,

If they had plans all along to save the CDN$ then you are right - they should have done this before the small leak become an uncontrolled hole. Now that the MM speculators have it engrained in their mentality that the CDN$ associates directly with the on-going crisis, the Bank of Canada attempts to save the $ will do little to change this mentality. Some say it will take another 2% raise to stop the bleeding - that would kill an forward progress in the Canadian economy.

I think they should have stuck to their guns an not interfered with the interest rate hike. But now they have hurt our economy and not saved the dollar. Smart going dorks!

Toy



To: Al Stutchbury who wrote (23648)8/31/1998 1:01:00 PM
From: dwight vickers  Respond to of 42771
 
OFF TOPIC!! (again)

Al,
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"Those idiots should have raised rates a month ago."
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Raising interest rates in the face of crumbling economies?

I thought everyone learned the lessons of 1929 and were never going to make the same mistakes again?

We are so much smarter today................

Dwight (oh, the inevitability of it all!)