What I've read prompts two thoughts:
1. Inflated AUD from QE3 will ultimately hurt our Australian economy
2. If Obama loses the US election his opponent has (I believe) already stated he wants to get rid of Bernake. Interested to know if that means Bernake replacement would put an end to the $40B per month spending on MBS? I thus see some volatility coming out of US elections which I believe are 6th November.
1. Inflated AUD from QE3 will ultimately hurt our Australian economy
2. If Obama loses the US election his opponent has (I believe) already stated he wants to get rid of Bernake. Interested to know if that means Bernake replacement would put an end to the $40B per month spending on MBS? I thus see some volatility coming out of US elections which I believe are 6th November.
Hope for the best, prepare for the worst.