What's your prediction on the Australian Dollar?

[JohnK]

Neg interest rates for Australia possible ? if so I will have to buy some more mattresses, there is no way I will be storing my cash in the banks so they can recklessly squander it away then the retires have to bale them out like they did in the USA and now there is no money left. America is BROKE. Europe is Broke Japan is Broke yet people think its OK, its not. Math is pure there will be big consequences that all who rely on this current financial system will find out soon enough.
HANG ON TIGHT

Capitalism (greed) at its finest.

Clearly what they have been doing the past 25-30 years is not working. Time to increase interest rates and encourage people to save for their retirement rather than lining the pockets of those in charge of out of control irresponsible faceless corporations

We have more money than we have ever had in our history yet the world is on the verge of collapse.

Brace yourselves.

 

[Cruiser Elite]

Wow

 

[drsmithy]

Wow

View attachment 68330

If that goes over 0.80 I'll be just about ready to dump my life savings into USD.

The cough has to drop out of the AUD (and Oz economy) eventually !

 

[tania73]

Aussie still struggling to get above .68 euro though

 

[Cruiser Elite]

If that goes over 0.80 I'll be just about ready to dump my life savings into USD.

The cough has to drop out of the AUD (and Oz economy) eventually !

You've been crowing that for yonks Smithy - but alas is still heading other direction - if oil and iron ore continue to firm it's still heading north - 'the cough has to drop out of Oz enonomy'? If your so convinced why didn't you cash out at 68cents? You'd be a mile in front rather than waiting for 80cents! I'm sensing huff and puff here but of course I am quite often wrong.

 

[whatmeworry]

I see the AUD climbing to .80c ....

I don't think I posted it but, I had one of the "thoughts" around Christmas, it would be funny if the dollar gets to 85c by the next Christmas.

Ok one of my thoughts might be right.

 

[drsmithy]

You've been crowing that for yonks Smithy - but alas is still heading other direction - if oil and iron ore continue to firm it's still heading north - 'the cough has to drop out of Oz enonomy'? If your so convinced why didn't you cash out at 68cents? You'd be a mile in front rather than waiting for 80cents! I'm sensing huff and puff here but of course I am quite often wrong.

I don't claim to know the timing, but the outcome is inevitable.

 

[AviationNZ]

I don't claim to know the timing, but the outcome is inevitable.

Playing devil's advocate here, but isn't that kinda like saying "it's been sunny for two weeks, but it will rain at some stage."

Of course the AUD will drop again, and it'll also go back up again. Economies and currencies are inherently cyclical.

 

[Cruiser Elite]

Playing devil's advocate here, but isn't that kinda like saying "it's been sunny for two weeks, but it will rain at some stage."

Of course the AUD will drop again, and it'll also go back up again. Economies and currencies are inherently cyclical.

Avo smithy has been predicting total meltdown of Australian economy for years now not just a directional correction of A$. I'm going to live with cove when it happens - his stash is bigger than mine.

 

[Origin]

I think we may all have to go and live with cove and help him spend his FF points

 

[drsmithy]

Playing devil's advocate here, but isn't that kinda like saying "it's been sunny for two weeks, but it will rain at some stage."

More like watching a gigantic low pressure system off the coast. It's not going to be a shower, it's going to be a catastrophic storm that takes a generation to rebuild from.

The Australian economy has been gutted of productive capability, all we really have to show from a couple of decades of once-in-a-century commodity boom is a trillion dollars owed to foreigners spent swapping the world's most expensive houses with each other, and successive Governments have been completely captured by rentiers and vested interests.

You can only hock your inheritance for so long before you run out of it.

If someone can see a rosy future out of that for the country, I'd love to hear about it.

 

[cove]

50% of Australians get some money from the Government so that will be hard to fix.
We keep borrowing so far because we can.

 

[PLANT]

"If someone can see a rosy future out of that for the country, I'd love to hear about it."....I think you need to wait to spring but hey I still say low 60's AU coming before xmas!

 

[JohnK]

More like watching a gigantic low pressure system off the coast. It's not going to be a shower, it's going to be a catastrophic storm that takes a generation to rebuild from.

And as happens quite often the low pressure system changes direction and heads back out to sea.

I do agree with you regarding foreign ownership and expedited residency status. It is not right when you allow money launderers to manipulate local property prices.

 

[Cruiser Elite]

I do agree with you regarding foreign ownership and expedited residency status. It is not right when you allow money launderers to manipulate local property prices.

You'll get a chance to remedy that Johnny on July 2 - surely a huge problem such as this would be front and square in any election campaign would it not?

 

[drron]

Capitalism (greed) at its finest.

Clearly what they have been doing the past 25-30 years is not working. Time to increase interest rates and encourage people to save for their retirement rather than lining the pockets of those in charge of out of control irresponsible faceless corporations

We have more money than we have ever had in our history yet the world is on the verge of collapse.

Brace yourselves.

Except having regulators set interest rates is not capitalism but a managed economy.
Would be OK if the managers knew what they are doing but I seriously doubt it.The world's economies are going to have a very hard time at some point in the future.Might not happen for another 10 years but happen it will.

 

[Pushka]

The commentators know as much as we do, probably less. When the AUD dipped a couple of days ago, the ABC commentator said it would now track downhill. Which, of course, means it did exactly the opposite.

 

[drron]

The commentators know as much as we do, probably less. When the AUD dipped a couple of days ago, the ABC commentator said it would now track downhill. Which, of course, means it did exactly the opposite.

I don't know why they don't take notice of me-I set the floor under the USD/AUD rates several weeks ago.It is not going to fall below 70 cents.

 

[JohnK]

You'll get a chance to remedy that Johnny on July 2 - surely a huge problem such as this would be front and square in any election campaign would it not?

You would think that's one of the most important things of the election campaign but that doesn't seem to be the case.

Love to know how much in kickbacks the numbskull received who lobbied and approved ~12,000 apartments to be built on Canterbury Road that will be sold to Chinese "investors"?

 

[whatmeworry]

50% of Australians get some money from the Government so that will be hard to fix.
We keep borrowing so far because we can.

And the two biggest groups are pensioners and families, what a pack of leaches...