Beoz

Yeah it was on its way up from 0.60

bcworld

By what measure? GDP was growing at about 2.5%...pretty sure that's considered below potential / long term trend.

Amazulu

sure but doing better than most other western/OECD nations

AUD at 0.80 will suit some industries more than at 1.05 - mining, LNG, agri, EPCMs, manufacturing. Other industries - retail, importers will hate it

Consumers will gain in some areas, lose in others

Beoz

0.80 and probably is more or even less is right for Australia. All the exporters you mention will love it and for most Australians who have no buying concept of the outside world it will be a good thing. For me it sucks. I want high value currency. So I'm off.

Beoz

Aussie bogan publications have only just picked up on this 'how dare we have economic migrants' but if the $A and economy continue to slump this will be news.

http://mobile.news.com.au/national/a...-1226810397650

Amazulu

What a ridiculous non-news article

Some people leave
Some people arrive
Some people arrive and then move on
Some people arrive and then move on and then return
etc

The great big melting pot of life

Beoz

I know. I really need to get the cookie blocker on the Sydney Morning Herald.

paulry

I wonder where the over 80% of SA'ns go to?

berserk

Canadia

paulry

I think New Zealand is also popular with them but I don't know any who have used Australia as a stepping stone except for some who chose to go back to SA.

Amazulu

A lot go to NZ - easy to get into for a (allegedly) western country. Many then move onto Australia or elsewhere

Saffas (and Pacific Islanders) using NZ as an easy stepping stone ot Australia was one of the main reasons why our government removed the PR option for Kiwi citizens

paulry

That's interesting. But as you said earlier, multiple emigrations in a lifetime are the way these days. I wouldn't rule out one last hop before I'm done.

Probably no chance of our latest honorary Australian, Boris's dream of easier immigration between the UK and Australia happening though

Amazulu

Other countries will definitely be part of my future

I was offered a stonking job in Reading a few weeks ago!

paulry

But in Reading?! It would have to be for a lot of money. Reading's a dump

Amazulu

I wouldn't be emigrating there dude - Dubai is a dump but plenty of people work there!

Money was very good