Australia is all that and more
Not only is Australia yet again officially the second the best country in the world, it’s the first to raise interest rates.
See you at parity my US friends 
See you real soon! This raise took AUD over 88 cents. I’ve been banging on about the short USD long AUD trade for most of this year and despite the sudden rush of people late to the party I don’t see it breaking down yet.
I love this comment “Only one of 20 economists surveyed by Bloomberg News forecast today’s move. The rest predicted no change.”
Someone better get the sheep dog out to herd that stray economist back in line. Though I imagine Stephen Walters, chief economist at JPMorgan Chase & Co. in Sydney, who forecast today’s move is having quite a celebration tonight.
Julian Robertson’s favoured currency is the local currency of the best country in the world. It would appear you don’t loose points for freezing your nuts off. Norway probably only pipped Australia by having a higher life expectancy and that’s only because they’re living in partial cryogenic suspension.
In other news I placed four orders on US markets tonight, all November covered calls, above the current offer. Let’s see if anyone living in the cough cough 13th best country bites.
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Hi Dean, I wonder about the intended or unintended effect of the pegged Yuan with the USD decline. A simpletons view (ie mine) is that it will keep the fire going under the Chinese economy and suck the air out of Japan and Europe. Which is probably fine with the Chinese, except the $’s they get in sterilisation will be worth less.
Whether it’s called a peg or a managed floating exchange, I agree the fall in the USD is likely to help China. http://www.google.com/finance?q=USDCNY
Their exports become cheaper to other ex-US countries. I wonder if the 2009 data will show a fall in this table. http://www.uschina.org/statistics/tradetable.html
China is currently ranked No3 or maybe 2 exporter in the world behind the EU and Germany (I’m not sure how they separate those two) https://www.cia.gov/library/publications/the-world-factbook/rankorder/2078rank.html?countryName=China&countryCode=ch®ionCode=eas&rank=3#ch
Japan is 5 and the US 4.
Australia is way down in 24th, but if the commodities boom continues we’ll move higher. We dig good, ugug.
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