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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (88953)1/28/2001 9:00:28 PM
From: Mark Adams  Read Replies (1) of 132070
 
I've been trying to get a better feel for the economic picture down under. It's been awhile since I visited, and I haven't been keeping close track of current events.

I understand they changed their tax laws last July- presumably a tax break that reportedly created a burst of home construction to beat a GST. Now I like reduced taxes, but I haven't yet figured what exactly they did and the potential ramifications. I did happen on this quote, re the US Fed policy which I enjoyed.

"When you're travelling at speed and brake sharply, you hit the Windscreen." 


		- Inflation         -GDP Growth   
Australia 1         3.0%?              4.0%
Euro 2              2.6%               2.5%
Singapore 3         0.6%               4.1%


1 With the September quarter goods and services tax (GST) rise included, the annual rate of inflation in Australia is 5.8 per cent. Other reports put it at 3% excluding inflation.

au.dailynews.yahoo.com
ml.com.au

2 feer.com
3 feer.com

I theorize that expected interest rate cuts would aid FAX more than IAF. Would you concur?

IAF very lightly weighted on Resources per 12/31 top 10 holdings. However, most of their holdings do seem richly valued by traditional US measures. I'm wondering if direct investments with a heavier resource exposure might provide more bang for the buck (STSOY?).

This data seems to make the Euro looks pretty good in relation. But Singapore, oh mi amour. Comments?
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