Endangered species?

Thursday, December 21, 2006

So New Zealand GDP was indeed worse than expected. The NZD should suffer here; if it doesn't, it may actually present a nice opportunity. Every pip that the kiwi doesn't fall now may well represent 3 pips that it falls in January. Remember, the kiwi is a flightless bird, so it can't stay in the air forever.

Posted by Macro Man at 1:56 AM  

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