What’s Wrong With Australia?
Via this item at Zero Hedge comes the chart below from Reuters depicting the state of the world, interest rate-wise, strongly suggesting that rate cuts are in the offing down under.
Of course, word came yesterday that the U.S. central bank is desperate to make a token interest rate increase in six weeks and, with everyone else going in the opposite direction, the unintended consequences of this action should be exciting to watch.
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