Wednesday, October 23, 2013

Australia pays it forward.

Australia pays the Central Bank $8.5 Billion to strengthen their balance sheet.  Are they looking into their crystal ball and seeing the future or just hedging a bet?  Or is it just a situation like where a business does a stock buy back?  In terms of the amount for a country like Assieland, it is not a lot, but it does send a signal.

Source:  http://www.nasdaq.com/article/australia-gives-central-bank-billions-citing-global-risks-20131023-00071