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Brat · 07-26-2007, 03:29 PM

Let's cheer for ugly!!

For several months AU talking heads have been predicting increasing interest rates there. One of my local NPR stations broadcasts news feeds from international public stations in the middle of the night. A couple nights ago I woke up to a discussion there that their folks had found hints of inflation, that interest rates were increasing and that they had their own sub-prime mortgage problems.

This is particularly interesting because the AU $ has been very strong. I wonder if the fact that the US purchased a huge % of goods from China and China has worked at keeping their goods cheap for the American consumer has the effect of suppressing inflation here.... All of those who want the Chinese to recalibrate the dollar know not what they ask for.

07-26-2007, 03:29 PM	#8
Brat Thinks s/he gets paid by the post Join Date: Feb 2004 Posts: 3,146	Let's cheer for ugly!! For several months AU talking heads have been predicting increasing interest rates there. One of my local NPR stations broadcasts news feeds from international public stations in the middle of the night. A couple nights ago I woke up to a discussion there that their folks had found hints of inflation, that interest rates were increasing and that they had their own sub-prime mortgage problems. This is particularly interesting because the AU $ has been very strong. I wonder if the fact that the US purchased a huge % of goods from China and China has worked at keeping their goods cheap for the American consumer has the effect of suppressing inflation here.... All of those who want the Chinese to recalibrate the dollar know not what they ask for. __________________ Duck bjorn.