Someone should tell Adam Carr and Chris Joye.You really have to feel sorry for these guys, either the market is wrong (which of course is impossible) or they're wrong, and they've been wrong all year.
A rate cut has been my position since at least January. Even if rates were raised I still reckon they'll be cut by the end of the year.
There's been a lot of safe haven buying of our securities during the latest round of Greek shenanigans...at one point late last week you had to slide out to about 5 years before you could earn more than the cash rate.International investors looking for safety are buying the currency first and worrying about the yield later.I wouldn't write off rate hikes this year just yet. Abe
RBA minutes very dovish. Board split?Glenn and Ric must be spewing.Joye and Carr: Wrong again.
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