DislikedIf growth does not pick up on the back of all that stimulus then a 2008 panic might emerge again devaluing hopium full of stocks greatly and AUD WILL be the worst performer. Euraud and gbpaud will be the best performers. The bigger the panic the greater the AUD free fall. High yielders are only seen as a "safe heaven" in good times (if u know what i mean).
After all it's not about piling into what is thought to be a safe heaven, but fleeing from those massive investments accumulated during these "stable" times where AUD hits records with usd and eur. Is it rational given debt and yield difference ? No. But it wasn't rational back in 2008 either.
It's not a matter of economic efficiency based rationality. Traders and investors are behind every trade.
Nothing has changed. Not before U.S. fiscal situation falls off a cliff, anyway.Ignored
Excellent point Lumesh... as usual. Thanks for the feedback
Those who say it cannot be done should not interrupt those who are doing it