G'day all - dear Crossy, 1st good luck on your marketing course. Regarding interest rate, there is a chance for another cut, but I think there are 2 other important factors. 1st, the rates in Europe; 2nd, the US mid term election. IMHO, it is imperative for an concerted effort by the major economic powers not to practice the "beggar thy neighbour" policy. A rate cut in Europe [especially, Germany, simply because there may be some apprehension of PM Schroeder's carbinet composition] will go a long way. Right now, everyone is looking for the Republican [in the US] to retain and increase majority in the Congress, if there is any surprise [which I think it may,] then instead of a rally, we may have a post election selloff.
[btw, in your absence, I hung out in the "Asian Forum" a lot, a good group of people with great backgrounds]
R2K is reviving a bit, but I think earning visibility is the key.
best, Bosco |
