Buy the US dollar and Telstra

Chief Investment Officer and founder of Aitken Investment Management
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Key points

  • The ‘housing bubble’ is a sideshow and the real concern is the pressure that lower commodity prices are placing on the budget and terms of trade.
  • This means interest rates will be on hold for longer and the Aussie dollar will continue to come under pressure.
  • Time to buy US dollar exposed assets, or the hard currency, and Telstra still has value.

 

There were a series of events yesterday that pretty much encapsulated what is going on in Australia currently.

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