Aussie Dollar

[Silverthorn]

Bernie Fraser is calling for a half percent cut.

THE former Reserve Bank governor Bernie Fraser has challenged his successors to cut interest rates 50 points today rather than the widely expected 25 points.

http://www.smh.com.au/business/former-rba-boss-calls-for-50point-rate-cut-20120430-1xv4c.html

 

[thatguy]

ZIRP FTW! Keep that bubble up

 

[RetardedMonkey]

I hope that it drops to where it should be, in the 80c range.

That would be lovely.

 

[radiobirdman]

I hope that it drops to where it should be, in the 80c range.

That would be lovely.

Fkn lovely if you want to pay more for everything

 

[thatguy]

I hope that it drops to where it should be, in the 80c range.

That would be lovely.

Fkn lovely if you want to pay more for everything

No use in having cheap Gunk From China if you have no job to afford it.

 

[RetardedMonkey]

Fkn lovely if you want to pay more for everything

People are losing their jobs because Australia can't be competitive with such a high dollar, yet you're worried the cost of your new toaster which butters the bread for you?

 

[Shaddam IV]

Fkn lovely if you want to pay more for everything

People are losing their jobs because Australia can't be competitive with such a high dollar, yet you're worried the cost of your new toaster which butters the bread for you?

I pushed the "say thanks" button 12 times. The narrow thinking of those who just want to consume and who don't consider the reason for their high wages in Australia will be the first to cry like babies when they are laid off. It's coming.

 

[radiobirdman]

Fkn lovely if you want to pay more for everything

People are losing their jobs because Australia can't be competitive with such a high dollar, yet you're worried the cost of your new toaster which butters the bread for you?

I pushed the "say thanks" button 12 times. The narrow thinking of those who just want to consume and who don't consider the reason for their high wages in Australia will be the first to cry like babies when they are laid off. It's coming.

Ok apart from exporters what good is a low dollar for the rest of us ,considering we make sweet FA in oz, most of our goods came from overseas
petrol gas and desial priced at Singapore pump price .are you going to pay your workers more to cover the cost of living increases ,
Where do you think interest rates are going to go with a low dollar up up and away .
A low dollar worked great in the 80s

 

[Shaddam IV]

People are losing their jobs because Australia can't be competitive with such a high dollar, yet you're worried the cost of your new toaster which butters the bread for you?

I pushed the "say thanks" button 12 times. The narrow thinking of those who just want to consume and who don't consider the reason for their high wages in Australia will be the first to cry like babies when they are laid off. It's coming.

Ok apart from exporters what good is a low dollar for the rest of us ,considering we make sweet FA in oz, most of our goods came from overseas
petrol gas and desial priced at Singapore pump price .are you going to pay your workers more to cover the cost of living increases ,
Where do you think interest rates are going to go with a low dollar up up and away .
A low dollar worked great in the 80s

Have you considered that perhaps "what good is a low dollar for the rest of us" might be to have an economy at all? If retail and manufacturing collapses then the cascading effect will collapse our economy in it's entirity. You will then be earning China wages if you have a job at all. The ONLY reason that Australia has high wages and work entitlements is because Australian companies have been supported for 60 years by Australian consumers. These companies and businesses then paid said consumers wages that are the envy of the world. Once Australian consumers stop supporting Australian businesses, Australian businesses will stop employing Australian consumers. It's called a depression.

 

[BBQ]

The ONLY reason that Australia has high wages and work entitlements is because Australian companies have been supported for 60 years by Australian consumers. These companies and businesses then paid said consumers wages that are the envy of the world. Once Australian consumers stop supporting Australian businesses, Australian businesses will stop employing Australian consumers. It's called a depression.

It also means more reasonable prices (homes, food, land, medical, power) to go with the lower pay and far less price-gouging from politicians (you'd hope). Resulting in probably an equal standard of living with probably far less waste and constant consumption and probably far less health problems too (can't afford to live on overpriced convenience foods).

I don't see a massive reduction in what people call 'standard of living' should Australia go in the shitter, pay-wise. If the masses simply can't pay, some massive and drastic and much-needed changes will be seen in this (extremely wasteful and junk-food and car-addicted) country.

Don't get me wrong, there's a lot to like, but I don't see the (inevitable) decline in pay or entitlements a bad thing at all. But then again I think people need to take care of themselves and their communities more; it's not the job of gov nor do I want it to be MY job to hand over yet more cash to gov to make it so, because that is the most inefficient way of going about things and we all suffer because of it.

 

[Shaddam IV]

The ONLY reason that Australia has high wages and work entitlements is because Australian companies have been supported for 60 years by Australian consumers. These companies and businesses then paid said consumers wages that are the envy of the world. Once Australian consumers stop supporting Australian businesses, Australian businesses will stop employing Australian consumers. It's called a depression.

It also means more reasonable prices (homes, food, land, medical, power) to go with the lower pay and far less price-gouging from politicians (you'd hope). Resulting in probably an equal standard of living with probably far less waste and constant consumption and probably far less health problems too (can't afford to live on overpriced convenience foods).

I don't see a massive reduction in what people call 'standard of living' should Australia go in the shitter, pay-wise. If the masses simply can't pay, some massive and drastic and much-needed changes will be seen in this (extremely wasteful and junk-food and car-addicted) country.

Don't get me wrong, there's a lot to like, but I don't see the (inevitable) decline in pay or entitlements a bad thing at all. But then again I think people need to take care of themselves and their communities more; it's not the job of gov nor do I want it to be MY job to hand over yet more cash to gov to make it so, because that is the most inefficient way of going about things and we all suffer because of it.

Couldn't agree more.

 

[errol43]

If the $AU was at 80US cents, the price of petrol would be in my estimation $1.76 to $1.80 a litre. The cost of food and transport goes up, the workers demand more wages and so the inflation begins..

Read just recently about Australia's dwindling oil production..We will have to import more of this commodity in the years ahead. I hope the $ doesn't drop to 80us cents.

Regards Errol 43

 

[Shaddam IV]

If the $AU was at 80US cents, the price of petrol would be in my estimation $1.76 to $1.80 a litre. The cost of food and transport goes up, the workers demand more wages and so the inflation begins..

Read just recently about Australia's dwindling oil production..We will have to import more of this commodity in the years ahead. I hope the $ doesn't drop to 80us cents.

Regards Errol 43

inflation or unemployment. I guess you have to chose which is more damaging.

 

[radiobirdman]

I pushed the "say thanks" button 12 times. The narrow thinking of those who just want to consume and who don't consider the reason for their high wages in Australia will be the first to cry like babies when they are laid off. It's coming.

Ok apart from exporters what good is a low dollar for the rest of us ,considering we make sweet FA in oz, most of our goods came from overseas
petrol gas and desial priced at Singapore pump price .are you going to pay your workers more to cover the cost of living increases ,
Where do you think interest rates are going to go with a low dollar up up and away .
A low dollar worked great in the 80s

Have you considered that perhaps "what good is a low dollar for the rest of us" might be to have an economy at all? If retail and manufacturing collapses then the cascading effect will collapse our economy in it's entirity. You will then be earning China wages if you have a job at all. The ONLY reason that Australia has high wages and work entitlements is because Australian companies have been supported for 60 years by Australian consumers. These companies and businesses then paid said consumers wages that are the envy of the world. Once Australian consumers stop supporting Australian businesses, Australian businesses will stop employing Australian consumers. It's called a depression.

How is a high aud bad for retail ,buy s#it dirt cheap os sell here for huge profit .the problem is aust companies stoped supporting manufacturing
in aust to buy cheap sh$t os , Jobs have been going os since the 80s . as for wages the cost of living drives higher wages not the other way round .

 

[JulieW]

If the $AU was at 80US cents, the price of petrol would be in my estimation $1.76 to $1.80 a litre. The cost of food and transport goes up, the workers demand more wages and so the inflation begins..

Read just recently about Australia's dwindling oil production..We will have to import more of this commodity in the years ahead. I hope the $ doesn't drop to 80us cents.

Regards Errol 43

inflation or unemployment. I guess you have to chose which is more damaging.

http://en.wikipedia.org/wiki/Stagflation

In economics, stagflation is a situation in which the inflation rate is high and the economic growth rate slows down and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to lower inflation or reduce unemployment may actually worsen economic growth. The portmanteau stagflation is generally attributed to British politician Iain Macleod, who coined the phrase in his speech to Parliament in 1965.[1][2][3] [4]
The concept is notable because, in the version of Keynesian macroeconomic theory which was dominant between the end of WWII and the late-1970s, inflation and recession were regarded as mutually exclusive, the relationship between the two being described by the Phillips curve. Stagflation is also notable because it has generally proven to be difficult and, in human terms as well as budget deficits, very costly to eradicate once it starts.

 

[radiobirdman]

Fkn lovely if you want to pay more for everything

People are losing their jobs because Australia can't be competitive with such a high dollar, yet you're worried the cost of your new toaster which butters the bread for you?

Back too sckool for you monkeyboy..people are losing jobs because of the high cost of doing bussiness in aust

 

[Silverthorn]

Have to think the aussie dollar will break one way or the other at some stage. might be a little while yet though.

 

[Silverthorn]

gave the top rail a tap.

 

[Willow]

oohhh,, NICE CHART. Cheap AUD swap for gold and silver coming maybe?

 

[spannermonkey]

It's really nice talking about Aussie dollar and also really nice above comments, guys, i also want to say something about, Aussie dollar, guys recently, me and my friends go for tour of Australia, first we convert our money in Aussie money and then there we lot's of enjoy we, and there we ate many restaurants foods, it's lovey moments for and my friends...

What drugs are you on