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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (85040)	9/12/2008 4:01:46 PM
From: Elroy Jetson	2 Recommendations Respond to of 116555

At this point I'd need a mystic seer myself to know where the AUD will go relative to the USD. It's not clear-cut like it used to be. Ian MacFarland is no longer at the Australian Reserve Bank, asset prices are tumbling everywhere, and I assume Kevin Rudd wants the AUD lower relative to trading partners for employment purposes. I still have some of my money there, but I repatriated most back to the US. At the moment I think the winners will be those who lose the least. For me that is earning ~4%. With inflation at perhaps 5% to 7% minus taxes, my loss is known and relatively small. I smell opportunities coming up in the future - but not now. .