Wayward, agree with this post (to which I am replying - see number next to it). Could you try and explain the banks to me as I really do not get it? I see a debt bubble, property bubble, dropping demand for mortages, rising bad debts (see BoQ) and yet they just keep going up.
XMJ - wouldn't consider it a worry other than it is too low even factoring in Asia. If commodities fall then the $A falls. It is a natural hedge don't you think?
wednesday cranker, page-59
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| XJO (ASX) Chart |