Henry Thornton writes:
Jim Parker speculated in The Fin
last week about the effect of Katrina on US interest rates and concluded the
events are unlikely to knock the Fed off its present course. The knock-on
effects of this decision process will be watched with much interest here too, of
course, and like in the US, oil prices are expected to
continue to play a strong role.
Alex Erskine provides his take on the interest rate situation, outlining a number of
scenarios that Australia might face in a
post-Greenspan, post-MacFarlane world.
As for the Latham Diaries, Henry
reckons that the furore proves beyond doubt that you pick up
all you ever need to know about politics from the school yard sand pit.
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