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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Mike Johnston who wrote (75041)2/21/2008 6:25:21 PM
From: KyrosL  Read Replies (1) of 116555
 
Australia has kept its real short term interest rates consistently at 3% or more -- its current rate is 7% and they keep increasing it. Yet its CPI inflation is the same as ours. Australia is also running consistent government budget surpluses, and the public debt is zero -- they paid it off years ago.
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