We are experiencing firsthand what it is like to have a Central Bank aggressively stimulate in an extremely aggressive international currency war.
That big runup a few weeks ago was largely attributed to money moving into yield plays; the recent slump was partially attributed to the RBA keeping rates on hold at it's March meeting.
Next RBA meeting is 7th April so because of the holidays around that time I expect a large market buildup to that date and watch out if there is a drop in rates.....or there isn't.
I don't think many understand just how badly our economy is deteriorating. Therefore expect more cuts this year and more 7 year xjo highs.
