Aussie dollar to drop below 66c - "benign" collapse ahead

AUD will crumble before the USD.

I remember the days of sub 50c USD.

We've been there before and could easily visit there again.
 
What was the current figure of debt $34B and growing

With the decline of the $ it will become even more expensive to service the debt and without any drastic change like an increase in GST the mind boggles as to what this figure could blow out to next year

Sub 60c I'm picking
 
Silverman99 said:
What was the current figure of debt $34B and growing

With the decline of the $ it will become even more expensive to service the debt and without any drastic change like an increase in GST the mind boggles as to what this figure could blow out to next year

Sub 60c I'm picking
Click to expand...
It gets worse. If global interest rates were to rise then the cost of servicing that growing debt gets far worse.
 
They should have jailed those bankers during the last GFC ... they have continued to commit money laundering, tax evasion and massive fraud ... it is amazing anyone still trusts the financial system ...
 
69.55

0Fg2KGb.jpg
 
Good year to purchase real estate then as an overseas investor. It's already at a 30% discount.
 
Don't worry fellow stackers, the blue team are the best of the best when it comes to financial management when dealing with the old guard of capitalism but now the corporations rule the roost...Derivatives will be safe if and when there is a bank failure(new bail in laws) ..Depositors and shareholders last in line.

Hide your cash but where?

Regards Errol 43
 
sammysilver said:
Today I changed my super from shares to cash.
Click to expand...

I was contemplating doing similar. Take the capital loss (you can later offset) and ride this one out.
But it would be an emotional panic move.
 
Skyrocket said:
sammysilver said:
Today I changed my super from shares to cash.
Click to expand...


If most people did same as you we'd have 2016 stock market crash.
Click to expand...

If its going to happen anyway, you want to get out early before the rush to the exit. Its what RBS meant when they advised clients to sell everything now and said "In a crowded hall, exit doors are small".
 
SilverDJ said:
sammysilver said:
Today I changed my super from shares to cash.
Click to expand...

I was contemplating doing similar. Take the capital loss (you can later offset) and ride this one out.
But it would be an emotional panic move.
Click to expand...

winning by not losing ? :D


I also decided to put my house on the market and lock in the gains it's seen over the past 8 years I've (the bank) has owned it.
take the chips off the table and ride this one out.
 
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