The A$ is wallowing downward

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Squire
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The A$ is wallowing downward

Post by Squire »

Its heading for sub US$ 0.70.

All of the increases for non-productive sectors of the economy are having adverse effects on Australia's competitiveness.

Australia is already a high-cost country and is heading even higher. Social welfare payments in Australia are nearly as high as average wages in UK and Europe.

The problem is that the high welfare payments don't meet the expectations of the poor and they will forever demand more in a price-push spiral.

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Re: The A$ is wallowing downward

Post by Dax »

Squire wrote:Its heading for sub US$ 0.70.

All of the increases for non-productive sectors of the economy are having adverse effects on Australia's competitiveness.

Australia is already a high-cost country and is heading even higher. Social welfare payments in Australia are nearly as high as average wages in UK and Europe.

The problem is that the high welfare payments don't meet the expectations of the poor and they will forever demand more in a price-push spiral.
Whys shouldn't the poor have the same opportunities and be treated equally as the elite scum, destroying the future.

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Squire
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Re: The A$ is wallowing downward

Post by Squire »

It's heading down again looking like sub US$ 0.70 heading down t0 $0.65 or less.

Could this trigger a recession in Australia?

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Squire
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Re: The A$ is wallowing downward

Post by Squire »

Dax wrote:
Squire wrote:Its heading for sub US$ 0.70.

All of the increases for non-productive sectors of the economy are having adverse effects on Australia's competitiveness.

Australia is already a high-cost country and is heading even higher. Social welfare payments in Australia are nearly as high as average wages in UK and Europe.

The problem is that the high welfare payments don't meet the expectations of the poor and they will forever demand more in a price-push spiral.
Whys shouldn't the poor have the same opportunities and be treated equally as the elite scum, destroying the future.
All poor people shall henceforth be provided with free penthouse, free BMW with chauffeur, free taxpayer money to $20,000 per month for life by order of Robin Hood Dax.

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Re: The A$ is wallowing downward

Post by Miranda »

Squire wrote:It's heading down again looking like sub US$ 0.70 heading down t0 $0.65 or less.

Could this trigger a recession in Australia?
This is what happens when Trump messes with the 'free-market' by imposing tariffs. No political party will do anything in Oz, so best to just suck it up princess or get drunk :beer

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HBS Guy
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Re: The A$ is wallowing downward

Post by HBS Guy »

I got the “get drunk” bit covered: went to Langhorne Creek and bought six bottles of delicious wine! (White and rosé for summer drinking.)

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Re: The A$ is wallowing downward

Post by Miranda »

HBS Guy wrote:I got the “get drunk” bit covered: went to Langhorne Creek and bought six bottles of delicious wine! (White and rosé for summer drinking.)
:clap enough to share!

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HBS Guy
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Re: The A$ is wallowing downward

Post by HBS Guy »

Sure! Come one over! Mow my lawn must deserve, ohhh, half a glass?

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Squire
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Re: The A$ is wallowing downward

Post by Squire »

Don't look down.

You can see the third world from the top of the Australian dollar.

Australia has become a high-cost country and the A$ is adjusting to compensate.

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HBS Guy
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Re: The A$ is wallowing downward

Post by HBS Guy »

Damn, so my books and antiques will get dearer?

Would help if you posted actual values or a chart etc.

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pinkeye
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Re: The A$ is wallowing downward

Post by pinkeye »

Squire wrote:Don't look down.

You can see the third world from the top of the Australian dollar.

Australia has become a high-cost country and the A$ is adjusting to compensate.
Like ? :yak yak :yak yak :yak yak

DILLIGAF
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Squire
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Re: The A$ is wallowing downward

Post by Squire »

pinkeye wrote:
Squire wrote:Don't look down.

You can see the third world from the top of the Australian dollar.

Australia has become a high-cost country and the A$ is adjusting to compensate.
Like ? :yak yak :yak yak :yak yak

DILLIGAF
DYLLYGAF? I can't see you from the top of the Australian dollar. Are you under the third world and not visible to me? Or, are you under someone else?

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HBS Guy
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Re: The A$ is wallowing downward

Post by HBS Guy »

worth 68¢US.

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Squire
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Re: The A$ is wallowing downward

Post by Squire »

HBS Guy wrote:worth 68¢US.
... and falling.

You are quoting the retail bank rate for selling A$. Buying and selling rates are different, and retail rates have a higher bank profit margin than interbank rates.

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HBS Guy
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Re: The A$ is wallowing downward

Post by HBS Guy »

I like to see a figure.

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pinkeye
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Re: The A$ is wallowing downward

Post by pinkeye »

Squire wrote:
pinkeye wrote:
Squire wrote:Don't look down.

You can see the third world from the top of the Australian dollar.

Australia has become a high-cost country and the A$ is adjusting to compensate.
Like ? :yak yak :yak yak :yak yak

DILLIGAF
DYLLYGAF? I can't see you from the top of the Australian dollar. Are you under the third world and not visible to me? Or, are you under someone else?
A question you need to ask of yourself.
sleeping is good for you

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Squire
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Re: The A$ is wallowing downward

Post by Squire »

pinkeye wrote:
Squire wrote:
pinkeye wrote:
Squire wrote:Don't look down.

You can see the third world from the top of the Australian dollar.

Australia has become a high-cost country and the A$ is adjusting to compensate.
Like ? :yak yak :yak yak :yak yak

DILLIGAF
DYLLYGAF? I can't see you from the top of the Australian dollar. Are you under the third world and not visible to me? Or, are you under someone else?
A question you need to ask of yourself.
YIDGAF, Yes I do GAF. I made money by moving cash resources into another currency in 2004. I am up significantly against the A$.

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pinkeye
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Re: The A$ is wallowing downward

Post by pinkeye »

well good for you
sleeping is good for you

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Squire
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Re: The A$ is wallowing downward

Post by Squire »

The Australian dollar hit US$ 0.7081 today.

It's Southbound heading below US$ 0.70.

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Re: The A$ is wallowing downward

Post by Dax »

Who cares, it's only because we import the majority of our consumer goods, energy and food, that it has an effect. If we still had a manufacturing and processed foods industry, it wouldn't bother us, but as our lovely government of all persuasions sold off everything to overseas interests, all our money goes over seas and all we have is horrendous balance of payments and budget debt. Which by the way, unlike how the political morons claim, they will balance the books in just a year or two. We have over a trillion dollars in foreign debt and half a trillion in government debt, which grows each day.

The value of the Aus dollar means nothing, when it was over $1 US, made not difference except junk from overseas was cheaper. It only effects imports and increases the cost of our massive overseas borrowings, which by the way you pay because you elect these fools every time and it only gets worse.

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