Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (1692)	3/10/2004 12:50:19 PM
From: zonder	Read Replies (1) of 116555

I am not sure I see your reasoning re why UK should CUT rates. Still I also have similar doubts regarding the housing sector and the drastic measures they have been taking to cool it off - with little apparent success, as seen in the house price increases in the two newest monthly data. In fact, the housing market seems to be reaccelerating in the UK. In any case, it looks likely to me that the next move in UK interest rates will be up rather than down. But I am undecided on whether or not to enter at this point. What do you think about ZAR and AUD, Mish?

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