Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (37650)	9/1/2003 12:50:47 PM
From: Joan Osland Graffius	Read Replies (2) of 74559

Jay, Why are you selling your AUD for CAD? Do you have a reason to prefer longer term the CAD over AUD? I have some Australian government debt and some Canadian government debt as well as New Zealand government debt. My thoughts are to spread capital in economies that are commodity based. I am suspicious of the US economy rebounding and not convinced the world GDP is on the mend. I do not see evidence that the excesses of the 1990's in the US have been eliminated and am watching capital chase capital markets and not be put to work in productive assets.

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