1.93's A$ to the Pound!!!
Oct 28th 2009, 8:27 pm
#737
BE Enthusiast
Joined: Jun 2007
Location: The "Gong"
Posts: 433
Re: 1.93's A$ to the Pound!!!
The £ is having a bit of a rally
She's on the climb, i have no idea why or for how long !!!
Stu
She's on the climb, i have no idea why or for how long !!!
Stu
Oct 28th 2009, 8:46 pm
#738
BE Enthusiast
Thread Starter
Joined: Jun 2008
Posts: 730
Re: 1.93's A$ to the Pound!!!
I still expect stockmarkets to take another hit and £ will fly!
The bottom I called couple of weeks ago looking good, hope all those wanting to buy back £'s took advantage!
Oct 28th 2009, 10:32 pm
#739
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: 1.93's A$ to the Pound!!!
1.8246 at moment
2 of Australia's big 4 banks have reported around 11% drop in profits this week and said that Australia's economy is still 'fragile.' ANZ's results mirrored NAB's with a huge rise in bad debts up 46% to 3$ billion.
I wonder what the other two will report?
Is this the start of the 'double dip?'
What will the Rudd Government use this time to keep Oz out of the s**t and can it?
2 of Australia's big 4 banks have reported around 11% drop in profits this week and said that Australia's economy is still 'fragile.' ANZ's results mirrored NAB's with a huge rise in bad debts up 46% to 3$ billion.
I wonder what the other two will report?
Is this the start of the 'double dip?'
What will the Rudd Government use this time to keep Oz out of the s**t and can it?
Oct 28th 2009, 11:43 pm
#740
Account Closed
Joined: Jul 2005
Posts: 1,693
Re: 1.93's A$ to the Pound!!!
1.8246 at moment
2 of Australia's big 4 banks have reported around 11% drop in profits this week and said that Australia's economy is still 'fragile.' ANZ's results mirrored NAB's with a huge rise in bad debts up 46% to 3$ billion.
I wonder what the other two will report?
Is this the start of the 'double dip?'
What will the Rudd Government use this time to keep Oz out of the s**t and can it?
2 of Australia's big 4 banks have reported around 11% drop in profits this week and said that Australia's economy is still 'fragile.' ANZ's results mirrored NAB's with a huge rise in bad debts up 46% to 3$ billion.
I wonder what the other two will report?
Is this the start of the 'double dip?'
What will the Rudd Government use this time to keep Oz out of the s**t and can it?
Oct 29th 2009, 7:45 am
#743
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: 1.93's A$ to the Pound!!!
http://www.smh.com.au/business/rba-l...ml?autostart=1
Stockmarket at lowest point for 4 months as correction now takes place amid concerns recovery has stagnated.
New home sales slumped 4.5% in September
All news headlines on the Australian Economy today.
Oct 29th 2009, 7:53 am
#744
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Re: 1.93's A$ to the Pound!!!
Love the positive attitude BUT:
http://www.smh.com.au/business/rba-l...ml?autostart=1
Stockmarket at lowest point for 4 months as correction now takes place amid concerns recovery has stagnated.
New home sales slumped 4.5% in September
All news headlines on the Australian Economy today.
http://www.smh.com.au/business/rba-l...ml?autostart=1
Stockmarket at lowest point for 4 months as correction now takes place amid concerns recovery has stagnated.
New home sales slumped 4.5% in September
All news headlines on the Australian Economy today.
Yes, but then there are always these:
Home prices rise as owners upgrade
Worst has passed: ANZ
I've given up trying to second geuss this market. For every doom and gloom nay sayer, there is somebody just as willing to assert the alternative.
S
Oct 29th 2009, 11:39 am
#745
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: 1.93's A$ to the Pound!!!
So I'm guessing those that are getting their stimulus money around about now should maybe considers cut price shares in the double dip 
Oct 29th 2009, 11:46 pm
#746
Guest
Posts: n/a
Re: 1.93's A$ to the Pound!!!
Average it out though, and what does it really mean ?
Nationwide homes sales sank 4.5 per cent in September, following a 11.4 per cent jump in August, according to data from the Housing Industry Association.
HIA chief economist Harley Dale says the decline is not surprising.
He says it shows interest eased off after the boosted first homeowners grant was pared back.
HIA chief economist Harley Dale says the decline is not surprising.
He says it shows interest eased off after the boosted first homeowners grant was pared back.
Oct 30th 2009, 1:05 am
#747
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: 1.93's A$ to the Pound!!!
Averages again!
The point I have been trying to make, not very successfully, is that the massive stimulus is wearing or worn out and things are beginning to get very shaky in the OZ economy if some of the headlines are anything to go by.
The Averages during the stimulus payment period especially for new home sales will be higher obviously. Now they are going down as are the stock markets and the Aus $.
Would be interesting to see what the averages are after Christmas?
The point I have been trying to make, not very successfully, is that the massive stimulus is wearing or worn out and things are beginning to get very shaky in the OZ economy if some of the headlines are anything to go by.
The Averages during the stimulus payment period especially for new home sales will be higher obviously. Now they are going down as are the stock markets and the Aus $.
Would be interesting to see what the averages are after Christmas?
Oct 30th 2009, 1:06 am
#748
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: 1.93's A$ to the Pound!!!
I wonder what percentage of the people entitled are getting their stimulus money around now because they normally claim FTB at the end of the year?
Oct 30th 2009, 1:12 am
#749
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: 1.93's A$ to the Pound!!!
Yes, but then there are always these:
Home prices rise as owners upgrade
A 3.7% rise UP TO Sept 09 in the UPPER end of market to owners up-sizing having probably sold their homes to FTB and increased their asking price by the Buyers grant. Interestingly 3.7% of the median house price in Sydney is around $22000!!!
Worst has passed: ANZ
Headline sounds promising BUT he also says:
conditions are still very volatile, with the global economy facing "many difficulties" and the Australian economy, in turn, greatly dependent on the global recovery continuing.
I've given up trying to second geuss this market. For every doom and gloom nay sayer, there is somebody just as willing to assert the alternative.
S
Home prices rise as owners upgrade
A 3.7% rise UP TO Sept 09 in the UPPER end of market to owners up-sizing having probably sold their homes to FTB and increased their asking price by the Buyers grant. Interestingly 3.7% of the median house price in Sydney is around $22000!!!
Worst has passed: ANZ
Headline sounds promising BUT he also says:
conditions are still very volatile, with the global economy facing "many difficulties" and the Australian economy, in turn, greatly dependent on the global recovery continuing.
I've given up trying to second geuss this market. For every doom and gloom nay sayer, there is somebody just as willing to assert the alternative.
S
Oct 30th 2009, 1:15 am
#750
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: 1.93's A$ to the Pound!!!
Don't really understand what your getting at? Are you saying that people entitled to the FHB grant won't get it until end of year?
