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http://boards.fool.com/hi-dean-looks-like-the-us-subprime-toxin-has-26850482.aspx
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| Subject: Re: Buying ANZ | Date: 7/27/2008 11:57 AM | |
| Author: TMFCogitarius | Number: 6170 of 6185 | |
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Hi Dean - looks like the US subprime toxin has leached into Australia too! Do you think NAB will remain the only one 'materially' affected? It's interesting how high interest rates plus a strong currency are still not enough to control inflation. In fact, higher rates are driving the 10% YOY inflation in financial services. I was traveling with a family from Perth, and they were rather upset about how the commodities boom was driving everything up for them. Classic case of 'be careful what you wish for'! |
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