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Re: [sharechat] Let the Intervention begin ...

From:	Capitalist <capitalist@paradise.net.nz>
Date:	Wed, 07 Apr 2004 18:57:47 +1200

They ain't gonna intervene in the currency- they don't have the resources. This is entirely smoke and mirrors, trying to talk the currency down. Sabre rattling. Baaaa indeed ;-)

<<NZ Herald, today:

" ... Late yesterday afternoon MPs voted by 84 to 35 to end the 19-year era
of the clean float of the New Zealand dollar."

--->let the intervention begin. LOL!

" ... The New Zealand dollar closed below US65 cents today, losing nearly
three quarters of a cent in 24 hours. The kiwi was sent lower along with
other counter-dollar currencies as the United States dollar continued to
flex its muscles in the wake of Friday's robust jobs data. The kiwi finished
on US64.81c - around a half a cent lower than its 2004 starting level".

--->on the end of a whipping hose. Ye Gods. Intervene, yeah, that's the
ticket!

Crikey,
BAA>>

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