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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (71317)	8/21/2009 3:55:54 PM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 74559

SKF/FAZ were on my list to have a look at. All very interesting. Not to mention tempting. It doesn't seem as though the world's financial system and hordes of underwater mortgagors are stable yet. My US$ are still getting exactly 0% interest at ASB Bank Ltd. That is NOT sustainable. There is a vast amount of money to be repaid to lenders and there is a huge interest rate increase required for deposits of money. When interest rates for US$ go up, the borrowers are going to go down, in droves. US$ are hot potatoes and people are getting rid of them, buying anything and everything, even houses. There is a lot of market clearing going on and it has been going for 2 years now. That's a lot of water under the bridge. But there's more to go and hopefully the foundations of the bridge are not being eroded. Mqurice