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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: UncleBigs who wrote (63051)6/8/2006 12:16:34 AM
From: gregor_us  Read Replies (1) of 110194
 
New Zealand and Australia Have Paused. OZ Yesterday, NZ Today.

I tell ya it was only 4 months ago that the NZ Reserve Bank was still on the warpath. US markets think Ben is scary? This guy in NZ basically said for over a year "I'm gonna tighten, and tighten, and then when you're really in pain I'm gonna tighten some more. Got it?"

Well, he paused. But he's still hawkish.

BOJ looking like they're getting cold feet. OZ, and NZ --the canaries--are pausing.

Yeah, seems pretty obvious how to read this.

Best,

LP
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