All looks reasonable and as another poster said is all "old news" which is very true -
I will argue the toss over a 75c long term AUD/USD exchange rate though. The USD is toast and has structurally shifted weaker after QE1/2. I don't expect our dollar to be less than parity for quite some time IMHO.
I wonder how a more conservative FX rate changes the price target of JPM.
My thoughts only.
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