Australian Dollar
Mar 20th 2008, 1:50 am
#61
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Re: Australian Dollar
'
Double post
Double post
Last edited by ozzieeagle; Mar 20th 2008 at 1:52 am. Reason: double post
Mar 20th 2008, 1:51 am
#62
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Re: Australian Dollar
Based on what insight exactly? Total tosh.
Anybody's pet will tell you that a downturn is on its way. However, a 1930s-type depression? Only a fantasist/Daily Mail alarmist writer would come up with that.
But, be under no illusion, if US goes into recession, Europe, Oz won't be that far behind. Just cast your mind back a few weeks ago when the falls on Wall Street triggered some large 'irrational' falls on the Oz market. It underlines the fact that US is still the world's economic engine.
And before China and India are cited as the saviours of Oz, who do you think they sell their finished goods to? And don't forget that China's inflation is on the way up, so we'll see a contraction there too.
You'd better start praying.
Anybody's pet will tell you that a downturn is on its way. However, a 1930s-type depression? Only a fantasist/Daily Mail alarmist writer would come up with that.
But, be under no illusion, if US goes into recession, Europe, Oz won't be that far behind. Just cast your mind back a few weeks ago when the falls on Wall Street triggered some large 'irrational' falls on the Oz market. It underlines the fact that US is still the world's economic engine.
And before China and India are cited as the saviours of Oz, who do you think they sell their finished goods to? And don't forget that China's inflation is on the way up, so we'll see a contraction there too.
You'd better start praying.
Time will tell, and it is mostly up to China and the rest of south east Asia.
China is set to overtake America as the largest economic power sometime this year.
Mar 20th 2008, 2:06 am
#63
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Posts: 10,375
Re: Australian Dollar
Better face the possibility that you could be wrong on this one Mike. It's entirely possible that Australias living standard could permanently overtake the whole of Europe North America and Canada permanetly, within the next 3 years.
Time will tell, and it is mostly up to China and the rest of south east Asia.
China is set to overtake America as the largest economic power sometime this year.
Time will tell, and it is mostly up to China and the rest of south east Asia.
China is set to overtake America as the largest economic power sometime this year.
You know what interests me so much about the current economic ups and downs, is australia seems to be talking itself into a recession
its a big shift from the usual BIG it up, we are NUMBER one, WORLD class 
(yeah right) crap they usually ram down your throat daily. We were overseas recently and australian media is going right OTT. Every time there is teensy blip on the economic scale the skys gonna fall. The aussie media is currently making the daily mail look like The Times. The other night the trailer for some current affairs type show was family sell of their kids toys to pay their mortage
Its really a bit of a joke. Among our mates, well my mates there are 3 single working parents all women with mortages, not one of them has even considered flogging the family home, kids, etc.
Mar 20th 2008, 2:07 am
#64
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Joined: Nov 2002
Location: USA
Posts: 913
Re: Australian Dollar
Better face the possibility that you could be wrong on this one Mike. It's entirely possible that Australias living standard could permanently overtake the whole of Europe North America and Canada permanetly, within the next 3 years.
Time will tell, and it is mostly up to China and the rest of south east Asia.
China is set to overtake America as the largest economic power sometime this year.
Time will tell, and it is mostly up to China and the rest of south east Asia.
China is set to overtake America as the largest economic power sometime this year.
Living is cheap in USA then Australia.Australia have less competition in its local market therefore higher prices the poor consumers are paying higher prices for basics.
Mar 20th 2008, 2:13 am
#65
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Re: Australian Dollar
for many jobs, minimum wage here is more like the $14, even jobs in cafes, cleaners pay more the $20Maybe that balances it out.
All I know is we came back with about 100kgs of extra luggage
cheap OMBG I stocked up on everything, right down to vitamins and toothpase, its a wonder they let me back in I had about 2000 pills ( vitamins ) expected immigration to have a right turn, declared the lot and they didnt even check my bags.
Mar 20th 2008, 2:13 am
#66
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Posts: 15,526
Re: Australian Dollar
But still if you earn $10,000 per month in USA its $11,000 per month in Australia.Even 10c difference create a lot of distance when considering amounts in thousands.
Living is cheap in USA then Australia.Australia have less competition in its local market therefore higher prices the poor consumers are paying higher prices for basics.
Living is cheap in USA then Australia.Australia have less competition in its local market therefore higher prices the poor consumers are paying higher prices for basics.
BTW Icelandic banks are now almost certainly set to crash. Plus one other major UK bank.
Mar 20th 2008, 2:20 am
#67
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Re: Australian Dollar
Share market down
Houses, some people are talking it down despite shortfall not oversupply
Superannuation
diving backwardsThat leaves the safe haven of a nice 8% ( well about 5% after tax ) in the bank, or does it
most aussie banks shares are already down 50%....Only solution is spend it
Party like its 2009
Mar 20th 2008, 2:28 am
#68
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Posts: 15,526
Re: Australian Dollar
Banks, interesting too.
Share market down
Houses, some people are talking it down despite shortfall not oversupply
Superannuation diving backwards
That leaves the safe haven of a nice 8% ( well about 5% after tax ) in the bank, or does it most aussie banks shares are already down 50%....
Only solution is spend it Party like its 2009
Share market down
Houses, some people are talking it down despite shortfall not oversupply
Superannuation
diving backwardsThat leaves the safe haven of a nice 8% ( well about 5% after tax ) in the bank, or does it
most aussie banks shares are already down 50%....Only solution is spend it
Party like its 2009Yeah I cant work out this super stuff. Ive got some with a rollover at Bankers trust... thats lost 11,000 bucks in the last 8 months. Whereas the Aussie post one has increased by about 15,000 bucks in the last 8months.
The thing is, as far as I'm concerned I've got my funds invested in the same grouping.... 40pct international shares... 40pct balanced returns, and 20pct property trusts.
I realise that fund managers have different stratgies, but thats bloody ridiculous.
I'm just leaving them both, crossing my fingers, and hopefully in 5 years time when I'm due to thing seriously about delving into them, that all this financial turmoil will be historical data.
BTW that UK bank is HBOS
Mar 20th 2008, 7:01 am
#69
Fighting my corner
Joined: Aug 2005
Location: Adelaide, South Australia
Posts: 11,948
Re: Australian Dollar
The Aussie Post super scheme is a cautious one, and seems to be exceptionally well managed. It's the one thing I miss the most now that I'm no longer a Post employee.
Mar 20th 2008, 7:29 am
#70
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Posts: 15,526
Re: Australian Dollar
Well maybe it is after a fashion.
Mar 20th 2008, 10:22 am
#72
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Mar 20th 2008, 12:51 pm
#73
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Thread Starter
Joined: Feb 2008
Location: Canberra
Posts: 899
Re: Australian Dollar
Cost of living in USA looked well cheap compared to OZ when we were there in dec/jan, But the wages were around $8 an hour for many jobs, minimum wage here is more like the $14, even jobs in cafes, cleaners pay more the $20
Maybe that balances it out.
All I know is we came back with about 100kgs of extra luggage cheap OMBG I stocked up on everything, right down to vitamins and toothpase, its a wonder they let me back in I had about 2000 pills ( vitamins ) expected immigration to have a right turn, declared the lot and they didnt even check my bags.
for many jobs, minimum wage here is more like the $14, even jobs in cafes, cleaners pay more the $20Maybe that balances it out.
All I know is we came back with about 100kgs of extra luggage
cheap OMBG I stocked up on everything, right down to vitamins and toothpase, its a wonder they let me back in I had about 2000 pills ( vitamins ) expected immigration to have a right turn, declared the lot and they didnt even check my bags.
The flip side is we don't shop around much and we get screwed 
Mar 20th 2008, 1:46 pm
#74
BE Enthusiast
Joined: Apr 2007
Posts: 556
Re: Australian Dollar
Yeah I cant work out this super stuff. Ive got some with a rollover at Bankers trust... thats lost 11,000 bucks in the last 8 months. Whereas the Aussie post one has increased by about 15,000 bucks in the last 8months.
The thing is, as far as I'm concerned I've got my funds invested in the same grouping.... 40pct international shares... 40pct balanced returns, and 20pct property trusts.
I realise that fund managers have different stratgies, but thats bloody ridiculous.
I'm just leaving them both, crossing my fingers, and hopefully in 5 years time when I'm due to thing seriously about delving into them, that all this financial turmoil will be historical data.
BTW that UK bank is HBOS
The thing is, as far as I'm concerned I've got my funds invested in the same grouping.... 40pct international shares... 40pct balanced returns, and 20pct property trusts.
I realise that fund managers have different stratgies, but thats bloody ridiculous.
I'm just leaving them both, crossing my fingers, and hopefully in 5 years time when I'm due to thing seriously about delving into them, that all this financial turmoil will be historical data.
BTW that UK bank is HBOS