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To: yard_man who wrote (242982)	5/29/2003 12:22:59 PM
From: benwood	Read Replies (1) \| Respond to of 436258

OK, I thought I'd go to the source -- I read an Oz paper. The trade deficit thing may be the key news (which has caused a small drop in the OzBuck): theaustralian.news.com.au I suspect that selloff is an overreaction, but you know, the smart money usually knows when to get the heck out. The remaining upside on FAX is more limited (and lengthy), and the recent move has been pretty big. Long term threats that I see -- SARS may rear it's ugly head just enough to keep the tourist industry under down under; interest rates might actually spike up at some point; and the US dollar is probably closer to it's ultimate devalued position than not, at least for the next year or so. The long term plusses: the Greenboink printing presses; the neocons spreading the war disease further in the middle east; the neocons doing all they can to create an unsafe world (so the prospect of a shock continues to escalate, in my view), the US trade deficit; and the exploding federal deficit.