Bond auction failure will bring on QE, aka, the good old US of A...

Bond auction failure will bring on QE, aka, the good old US of A and the UK.

I agree that it is " down the track " for AUS, as China seems to be so benelovent in lending.

If, and when, they stop ( China ) , we enter the next phase I suppose.

If AUS does`nt ( QE ) they can be spared the depreciation of currency.

Maybe to compete , they ( RBA ) may want a competative currency ?.

Sorry no " crystal ball ", just idea`s.

Cheers