FXA - A Potential Play Against Australia's Declining Economy And Housing Market
The mainstream hasn’t talked much about the serious trouble in the ‘Lucky Country’ - aka Australia.
But I’ve had my eye on it for a while now...
And after the recent slowdown of China’s growth estimates, I think this is a good time to bring it to your attention.
Here’s a brief summary - Australia’s a huge country with an abundance of natural resources and a booming exporting sector.
Basically - Australia is to China what Canada is to the U.S. - a big trading partner for commodities. Especially natural gas, iron ore, copper, and