While I have enjoyed making one or two purchases with a favourable exchange rate, the sooner the bubble bursts and asset values return to reasonable levels the better off we'll be.
Our interest rates will go up again so it should climb again but I feel there is a squeeze on its way ..they are fun... notice how the losses in the mortage market are released a little at a time... and now they talk of credit card problems... if you buy any new gear make sure it is made of gold.
While I have enjoyed making one or two purchases with a favourable exchange rate, the sooner the bubble bursts and asset values return to reasonable levels the better off we'll be.
Cover your ears the US can only drop their rates so far.
We might as well take our medicine and get it over with. I've had a casual interest in economic cycles since 1987; back then I invested $3000 in stocks after advice from a financial adviser, just before the crash. I still am amazed at the psychology that pushes markets to ridiculous levels (including housing markets); I guess there is always a new crop of punters who haven't experienced the big declines that follow the big gains.
the US can only drop their rates so far.
