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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (5707)1/21/2004 4:56:18 PM
From: mishedlo   of 110194
 
Harmy to Mish on Canada cut (note: he lives down under)
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Mish
So this puts even more pressure on the AUD which even now is more than double that of Canada. Plunger may be right about no more hikes down here but we still have an overheated housing market and with people carrying more debt than ever. The RB is caught between the devil and the deep. Strong booming economy, unemployment falling and interest rates which still don't appear to be slowing down the housing market to any great extent.
Another hike will be even more detrimental to the dollar and yet a fall in rates will simply let the housing market off the hook.
Hard to pick what will happen next.
Regards
Harmy
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mish replies:
Harmy, Please please keep us posted on this.
I am very much into interest rate rotation plays.
I move a lot from Eurodollars into Euribor and a little into Canada.
If we can call a top in Aussie or the UK there will be a ton of $ to be made. I hope they hold off or even hike.
PS I hope you get into this with Plunger and I but even if not, keep us posted on your thoughts.

Thanks

Mish
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