Next rate cut SHOULD be 0.5%.
One thing that frightens me is the pending US elections(among other things)? The percieved need for a war, by the US!
Time is running out. Israel and the US could really believe that they have to act now. Pre the possible Obama ineffectual mediation style. The Middle East could be a conflagration. Oil & Gold through the roof.
I admit I am becoming even more pessimistic regarding the future. Although I am predominantly a realistic optimist.
There you go. And good night from me.
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