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To: Lee who wrote (64397)	9/9/1998 2:36:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176388

Good morning Lee, Yes, those are certainly the major points I would make. Although economic problems in South America and Canada should not be underestimated, I don't think they will pull us into a recession. I think the FED will ease rates to try to stimulate the economy. My current worry is Canada, because its economy is so highly dependant on commodities. However, I expect that if we have "la nina" this winter, oil prices will rebound sharply which will help some of our more important trading partners. TTFN, CTC