I'll have to leave it to others 'in the know' regarding Aust banks overseas borrowing rates.
I have no problem with the logic of your comments.
Clearly, As long as the US keeps tightening there's nowhere for our interest rates to go but up.
US Fed tightening IMO is very slow and careful, but where is the limit where cost of servicing US debt becomes untenable?
This strategy depends on the ROW 'playing ball', and US sanctions and trade wars with friend and foe alike don't give me much confidence in that. There's plenty of shite ahead.
23.
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