I think we will be talking abut unemployment in Aussie more than inflation within the next 2 -3 years. GDP is 2 - 3 % for couple of years until 2011 odd and after Turnbull ineviteably wins... wellwe will have a pro market state.
Many pundits/funds did want exposure to the post olympics and took a measured sell down post mid Jan. It's been a protracted sell down and IMO not only caused by subprime issues. They got lucky and have been buying like a camel wanting more than one hump this week. IMO, the measured money bought two months ago. They'll be in the money very soon IMO.
I'm a Turnbull fan. Very lucky to have someone of his calibre on board the gravy train of career politics.
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