Forum Archive Index - January 2001

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[sharechat] Downward movement of interest rates/ P Maiden

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Tue, 9 Jan 2001 21:34:32 +1300

Peter,

Again some excellent research from you!

One reason for FLB to rise could be the expectation that some building may take place now the med/longer term interest rates have moved down.

I did notice though that the wholesale 3 yr rates rose by 10 points and capped any further rise in share prices today.

We now want Australia to cut rates, they are too slow to act on rapidly deteriorating conditions: I want to see a rise in the prices of my picks!!

Gerry

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