If the US interest rated going up 3%, that's another US$700 billion extra interset payments over a year. Too much debt level governmentsand private. Economy very sensitive to interest rates Commodities now have fallen. Don't expect inflation going up any more. I expect Reserve Bank to stop increasing rates very soon. I think the market should stop falling in 1-2 months. Market could then start a slow move up. Just my opinion from what I can read from some good sources. Commodities could be first movers again .
If the US interest rated going up 3%, that's another US$700...
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$1.42 |
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