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Strategies & Market Trends : Australian Shares and ADRs

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To: James F. Hopkins who wrote (66)	7/28/1998 9:41:00 AM
From: Moominoid	Read Replies (1) of 96

Can I ask , with the AUD down like it is since July , how has it effected the overall situation, like are interest rates much change, employment , has inflation resulted , ? Nothing much yet thanks perhaps due to our constant AUD/ Yen exchange rate - the trade balance is blowing out though. The stock market is up 3% on the year. The economy is slowing but not dramatically yet. Japan just seem to keep perking I don't get it because the situation in Japan is the worst it's been since 73-74. Unemployment is still low compared to Europe but rising. GDP has fallen substantially though only a couple of quarters so far I think. What bothers me is our National debt, I never knew why Perot was as worried about that as he was (when I lived in the US). Now it's even less of a problem. Social security commitments going forward could be a problem though. David

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