really unusual set of circumstances in todays fall as well.they...

really unusual set of circumstances in todays fall as well.

they are citing the Fed may have ended its cuts and fear of a slowing economy.

which are both at odds with what we saw yesterday.

The US recorded growth of 3.9% and they dropped interest rates.

any country in the world would be happy with 3.9% growth

that being said there is obvious concern over the housing sector and its implications filtering through the broader community.

i suspect we will see one more rate cut from the US just to ensure any impact from the housing issues are softened.

and in an ironic twist,we have a booming economy where our reserve bank will be looking to intervene to slow the economy.

i suspect we will see that rate rise in December and will possibly be a 50 basis point move.

All in all..........crazy times.