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Post by Banjo on Dec 15, 2013 12:57:42 GMT 7
Thanks NFA, looks likes oz dollar about to test 27.5 22.5 looks ugly and may have been attached to a recession or something Sorry NFA, must have had a momentary loss of reason confusing you with another member. Hey Zorro, still coming north next year?
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Post by zorro1 on Dec 15, 2013 16:56:04 GMT 7
Sure am Banjo, that will be my next train trip. Actually I will be making a number of trips through out the year
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Post by Banjo on Dec 15, 2013 17:30:26 GMT 7
Let me know, we'll catch up.
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Post by zorro1 on Dec 15, 2013 20:59:33 GMT 7
will do mate
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Post by ding on Dec 17, 2013 7:24:36 GMT 7
Just as well rice and dried milk fish is cheap!
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Post by Deleted on Dec 19, 2013 17:56:19 GMT 7
the desire for a lower value dollar has been the agenda long before Tony Abbott got the job. Do Australians have such short memories or is alzimers alive and well all over the world? I dont like the fall in the Aussie dollars like anymore than the rest, but our economy is f....d due to Labor's appalling money policies or should I say lack of them. It has only been a matter of time. They sold Australia up the creek for the past 6 or more years, now we are reaping the benefits. A pity the MP are not tightening their belts and giving up their extreme wage benefits etc? Rather than slaughtering the poor and disadvantaged.
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Post by Banjo on Dec 19, 2013 22:14:29 GMT 7
You really need to start reading something a little more factual than the Murdoch press. Appalling money policies? Try comparing the state of the Australian economy with the other First world countries. newmatilda.com/2013/05/24/numbers-numbers
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Post by Deleted on Dec 20, 2013 9:21:38 GMT 7
I can assure you Banjo, I am no Murdoch fan and do not rely on newspapers to form my views. I am fully aware of the agenda they had to put Abbott in power. I am a conservative voter but did not vote for the coalition last election, but rather an emerging party that is anything but a Murdoch fan. But I do follow many financial reports and study respected economists and their analysis of the economic situation in Australia currently. The deficit is not imagined, it is a reality. We have gone from a sound surplus at the end of HOward administration, to a raging national debt, in 6 years, they are indeed the facts. The squeeze is being placed on groups like us, as the country's economic state is very poor, that is well accepted by economists. Comparing us to other countries does not cut it with me, as we have so much more to offer. A huge debt has been run up by the previous economy, when it went through a period of huge mining expansion, until the wheels started to fall off with GFC. I agree we are holding up far better than most but the true state of the economy is now unfolding here and it is not a pretty story.
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Post by tablet on Dec 20, 2013 12:47:01 GMT 7
Maybe we won't get back up to the $1.10 to the US, but don't get too carried away with worry. Nobody can predict currency movements, including myself. I wouldn't be on the DSP if I could. But I'm guessing it will head up a little.There is a lot of trading based on emotion, with every little statement or data that comes out, with everyone then jumping on the bandwagon in case they miss out, then economic's comes back into it, and the dollar stabilises again. As for blaming one side of politic's over the other. No politician has any idea of global economic's, only how to look after themselves, whilst spewing out spin and rhetoric to convince people otherwise and introducing ad hoc policies that settles the dust of any drama that appears in their 24hr newscycle. If anyone think's one side of politic's is better than the other, then that in itself is admission of their own gullibility. Those up in Indo aren't complaining. The rupiah seems to be just going down. Have a look at the 10 year chart. www.xe.com/currencycharts/?from=AUD&to=IDR&view=10Y1960
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Post by Deleted on Dec 21, 2013 16:11:53 GMT 7
Very true 1960, but if you view our political history, there is one side that finishes in front of the other on a regular basis.
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Post by Banjo on Dec 21, 2013 16:32:06 GMT 7
Depends on whether your glasses are rose coloured or tinted pale blue. I think we will redirect this thread back into it's original topic of handling currency fluctuations without allotting blame.
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Post by latindancer on Dec 21, 2013 18:32:08 GMT 7
The baht fell this week, so although the Aussie dollar is low, it still gets 29 baht....up from 28 last week.
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Post by Denis-NFA on Dec 21, 2013 20:13:11 GMT 7
The baht fell this week, so although the Aussie dollar is low, it still gets 29 baht....up from 28 last week. only rate to check is AUD$ v USD$
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Post by Banjo on Dec 21, 2013 21:07:44 GMT 7
Thread closed.
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