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Path: utzoo!utgpu!utcsri!utegc!utai!musocs!micomvax!mnetor!lsuc!dave
From: dave@lsuc.UUCP
Newsgroups: can.politics
Subject: Re: market crash
Message-ID: <2097@lsuc.UUCP>
Date: Fri, 23-Oct-87 08:41:56 EST
Article-I.D.: lsuc.2097
Posted: Fri Oct 23 08:41:56 1987
Date-Received: Fri, 20-Nov-87 04:46:15 EST
References: <167@bby-bc.UUCP>
Reply-To: dave@lsuc.UUCP (David Sherman)
Distribution: can
Organization: Law Society of Upper Canada, Toronto
Lines: 24
Summary: we're tied to the US anyway

In article <167@bby-bc.UUCP> john@bby-bc.UUCP writes:
>
> I see this morning's Globe&Mail says the NYSE's Dow composite dropped over
> 20% yesterday with most other world markets indicators dropping about %10
> (except for the Japanese who only dropped %2).  Sure is a good thing
> we're going to tie our economy so tightly to the US, isn't it.....

We're tied to the US whether we like it or not.  That has little to
do with the free trade agreement -- already the vast majority of our
trade is with the US and there's little prospect of that changing,
given the demographcs, geography and culture.

Anyway, you can't judge anything on one day's price changes.
Tokyo & Sydney are half a day off anyway.  Over the week, all
the major markets will likely come out the same.

(Yes, I have an interest in this... we lost a bundle over
the past few days...)

David Sherman
Toronto
-- 
{ uunet!mnetor  pyramid!utai  decvax!utcsri  ihnp4!utzoo } !lsuc!dave
Pronounce it ell-ess-you-see, please...