Earlier this year I ate a $36 hamburger in Sydney.
And after the sticker shock wore off, I wrote about the Australian dollar’s massive, obvious overvaluation.
When the Aussie dollar passed A$1.04 per US dollar, I advised readers of my premium investment newsletter to protect the value of their portfolios with a trade that profits as the Australian dollar falls.
This call paid off for my readers; the Aussie dollar is now below $0.90. But I believe it has much further to fall.
For starters, Reserve Bank Governor Glenn Stevens (Australia’s equivalent of Ben Bernanke) said in a widely publicized interview last week that he wants the Australian dollar at 85c or below. (more)
Please share this article
No comments:
Post a Comment