Aussie banks in the financial turmoil...
Oct 7th 2008, 6:56 am
#16
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: Aussie banks in the financial turmoil...
My income is in sterling.....a weak dollar suits me fine.....and I do not need to worry about jobs or houses
Oct 7th 2008, 7:02 am
#17
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: Aussie banks in the financial turmoil...
Or my superannuation fund being devalued.
Oct 7th 2008, 7:18 am
#18
BE Forum Addict
Joined: Nov 2004
Posts: 2,584
Re: Aussie banks in the financial turmoil...
Can you tell me which horse will win the 3.30 at Sandown?
Oct 7th 2008, 7:20 am
#19
small steps long journey
Joined: Aug 2003
Location: A river somewhere
Posts: 3,451
Oct 7th 2008, 7:29 am
#20
Timelord
Thread Starter
Joined: May 2006
Location: Lost in space...
Posts: 2,834
Re: Aussie banks in the financial turmoil...
The fall of the Aussie dollar has absolutely nothing to do with the Australian banking system. [sigh]
It has everything to do with large falls in commodity prices, the prospect of a protracted global recession and the anticipated larger-than-usual cut to domestic interest rates today.
Gina
It has everything to do with large falls in commodity prices, the prospect of a protracted global recession and the anticipated larger-than-usual cut to domestic interest rates today.
Gina
You should sue OzForex for copyright infringement and plagiarism...
http://www.ozforex.com.au/cgi-bin/dailycommentary.asp
Oct 7th 2008, 7:34 am
#21
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: Aussie banks in the financial turmoil...
ho ho... Of course mate. But that doesn't mean I'll get it right !! Every man and his dog loves to tell people that they know what the future holds.... I think it is human nature. "house prices will plummet" or "the aussie dollar will fall" etc. Truth is, these folks don't really know what will happen until after it has happened. Which makes them the same as you and me.
Oct 7th 2008, 7:44 am
#23
Citizen Of The World
Joined: Dec 2007
Location: Vancouver, BC, Canada
Posts: 592
Re: Aussie banks in the financial turmoil...
As Tiddly said, Australian banks don't have many of the now worthless overseas sub-prime investments
Cheers
b
Oct 7th 2008, 7:46 am
#24
Citizen Of The World
Joined: Dec 2007
Location: Vancouver, BC, Canada
Posts: 592
Re: Aussie banks in the financial turmoil...
Actually, I'll be paid from the UK, but in AUD. At least the rate changes make me a cheaper employee!
Cheers
b
Oct 7th 2008, 7:48 am
#25
Worongary
Joined: Sep 2005
Location: GC hinterland
Posts: 10,288
Re: Aussie banks in the financial turmoil...
Wow... You're very knowledgeable...
You should sue OzForex for copyright infringement and plagiarism...
http://www.ozforex.com.au/cgi-bin/dailycommentary.asp
You should sue OzForex for copyright infringement and plagiarism...
http://www.ozforex.com.au/cgi-bin/dailycommentary.asp
Oct 7th 2008, 7:58 am
#26
Banned
Joined: Dec 2004
Location: Tapping (Perth)
Posts: 2,619
Re: Aussie banks in the financial turmoil...
(different from knowledgeable). I read the Australian Financial Review as well. And the Financial Times. It pays to be informed.A side benefit of staying informed is that I can answer the questions you ask
.Gina
P.S. I'll come to you when I want to know something about air-conditioning.
Oct 7th 2008, 9:06 am
#28
Timelord
Thread Starter
Joined: May 2006
Location: Lost in space...
Posts: 2,834
Oct 7th 2008, 9:26 am
#29
Timelord
Thread Starter
Joined: May 2006
Location: Lost in space...
Posts: 2,834
Re: Aussie banks in the financial turmoil...
Last edited by DrWho; Oct 7th 2008 at 9:30 am. Reason: Formatting... :(
Oct 7th 2008, 10:59 am
#30
Forum Regular
Joined: Oct 2005
Posts: 191