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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (22427)	2/24/2005 8:09:27 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81068

Phil, I'm not Gus, and I wonder how young you imagined I was? 35, 40? Meanwhile here's more of that end-of-the-world stuff. This time, from the land of "down under". finance.news.com.au >>PETER Costello's closest adviser fears the US is heading for a devastating financial crash that could ravage Australia's economic growth. As the Reserve Bank considers raising interest rates at its board meeting next Tuesday, Treasury Secretary Ken Henry likened the flood of money pouring into the US to support its budget and current account deficits to the stockmarket's dotcom bubble of the late 1990s. Were it suddenly to stop, there would be shockwaves felt throughout the world's economies. The financial crash feared by Dr Henry would involve a sharp fall in the US dollar and a bond market sell-off, which would push up US and world interest rates. <<