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KRudd timing exquisite

May 5, 2010

First he increases the price of cigarettes, then he slugs Australia’s economic saviour with a resources super profit tax, then the RBA increases rates for the 6th time and then overnight the markets and Aussie dollar plunge. What short-term panicked reaction will we get today? My call is some kind of backflip/somersault/pike situation.

UPDATE:

Hmmm, sooner than I expected. Today’s frontpage headline in The Australian . . . Rudd may give ground to miners.

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