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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: gregor_us who wrote (85763)8/30/2007 10:11:51 PM
From: NOW  Respond to of 110194
 
the govts ability to stifle the rise will be limited in the face of forced repatriation



To: gregor_us who wrote (85763)8/30/2007 10:12:15 PM
From: KyrosL  Respond to of 110194
 
I agree with you. I too like the AUD. Australia, the country, arguably has their finances under better control than any other developed country, and that includes their national retirement plan. Their long term prospects, appear excellent.



To: gregor_us who wrote (85763)8/30/2007 10:33:01 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 110194
 
All very true. Even more to the point, a segment of the external debt owed by Australian corporations and pension accounts are mortgages and similar loans on foreign property owned by Australians.

These properties include airports in India and Europe, toll freeways in Canada, and shopping centers in the United States. The fact that Australian firms owe external debt on these assets is hardly a sign of weakness or coming economic problems.
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