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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (8489)	9/22/2001 12:30:08 PM
From: Edmond Katonica	Respond to of 23153

Tommaso My own view is that the Aussie Government wants a weaker A $. Why? It allows them to compete in the area of their exports. [ iron ore, meat, grains, wine, gem stones etc] Soon they will be exporting LNG.They have a lot of competition in these areas The low A$ also puts a damper on imports. Imports are their real problem. In the past the Government has try all sorts of things to curb exports. Kids will fly to the USA buy a 1965 Mustang then ship it back to Kangaroo land. They like the good life. I have some friends who are Aussie bankers, and they don't believe the banks have problems. They are re-positioning themselves. IE :ANZ will no longer do small loan in the US real estate market. In the past FAX has done well in trouble times in Asia. But a 14% pay out tells you that there are risk in the stock Good Luck...Ed