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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (4460)6/7/2001 5:41:10 PM
From: TobagoJack  Read Replies (2) | Respond to of 74559
 
Hi heinz, I have taken a starter position in the Aussie Dollar, maybe first of 5, spread out over 12 months (call me cautious). Ultimately to reach no more than 5% of NAV. Eventually intending to buy some mining shares (BHP etc). They are not a super power, but gad, for a smallish population, gentle political structure, next to big steady markets, with a historically hokey government budget, they do OK. This gutless little rat figures jumping ahead of all them big rats:0) Chugs, Jay



To: pater tenebrarum who wrote (4460)6/7/2001 7:24:36 PM
From: Mark Adams  Read Replies (1) | Respond to of 74559
 
Interesting article; I'd wrote to my brother recently that we may see an up blip due to the tax cut followed by another down swing next year.

One error though, as of May 1'st, the real rate on Ibonds dropped 10%, from 3.3% to 3.0%, plus inflation. And I think that's not much shelter if a declining dollar becomes an issue.