By: wolframtrader
Today (9:06 am) Yahoo! Profile:
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the aussie is not in trouble...with the guts sucked out of the credit market, toss in a rate cut of 1%, no-one wants to play carry trade...
if the Fed and the Euro zone drop rates in the coming week/month, the aussie should bounce a little...but it never deserved to be close to parity with the US...
I guess there are some really angry people out there who booked a US / Europe trip of a lifetime earlier this year, got a great price on the airfare, and are now on the hook for accommodation and spending money...oops... ;-) |
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By: reallybadinvestments@rocketmail.com
Yesterday (2:04 pm) |
Message deleted. Reason: Breach of terms of service |
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By: reynard2008@y7mail.com
2 days ago (Monday, 10:58 am) Yahoo! Profile:
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| AUD down 1.63% this morning - less than 1 hour of trading |
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By: jkueh
3 days ago (Sunday, 4:06 pm) Yahoo! Profile:
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Rudd really has a great vision. lowering the strength of AUS dollar by rate cut and deleveraging not only save the property market but giving more immigrant chance to convert their currency and buy house at a more lower price.
AUS dollar drop is good for the country. |
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By: leochandraliu
3 days ago (Sunday, 9:27 am) Yahoo! Profile:
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| will the U$ depreciated cause of the 700 billion bail out. |
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By: lasty49
6 days ago (Thursday, 3:19 pm) Yahoo! Profile:
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Australia will always have a current account deficit.
Our domestic money market isnt big enough to handle domestic borrowings from corporates or mortgagees.
Our int rates will be higher than major countries because we need to attract investment to offset our foreign borrowings.
As Australians have $1 Trillion tied up in forced super mainly in shares our $600 billion foreign debt doesnt look that bad.
Figures can be distorted.
Australia going forwarded is in one of the strongest positions it has ever been.
We have just recorded our biggest trade surplus in 11 years. $1.36 billion and it isnt going to slow as our friends in China just love us.
What is slowing though is imports.
So if imports are slowing and exports are growing, the currency should appreciate. |
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By: reynard2008@y7mail.com
6 days ago (Thursday, 1:08 pm) Yahoo! Profile:
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Australia has a massive current account deficit - we have been sucking in too many cheap imports - so many that even the resources boom can't pay for them
Individual Australians are the highest debtors on earth - worse than the europeans and the americans. This is all forms of debt: credit card, personal loands, home loans and so on. For every $100 we own we owe about $150 - the americans are about $130 and the europeans about $120.
For the pollies to argue that the american problem won't be so bad here because we are better placed is total hogwash.
The AUD is down because the money people know the truth - we cannot pay our debts so that even the USD and the european currencies are better than the AUD at the moment. 8% interest rates are a major cause of this and the RBA has deliberately kept rates high to support the USD. They will have to drop them soon and fast to prevent major defaults which will further weaken the AUD |
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By: colorado_dude4u
6 days ago (Thursday, 5:38 am) Yahoo! Profile:
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| Turn off the bloody caps mate...this is ANNOYING to read as well as being rude. Thanks. |
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By: michael_calibremusic
1/10/2008
8:15 pm Yahoo! Profile:
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TO THE PERSON WHO READ IT & FOUND MY ERROR...
YES, TOO MANY BEANS......
FAR TO MANY BEANS & TOO OFTEN AT THAT....
YOU ARE RIGHT....
I INADVERTENTLY WROTE IT THE WRONG WAY AROUND..
AND EVEN IN MY REREADING TO CHECK..
I MISSED IT
BETTER TO LOOK STUPID FOR A SHORT TIME
&
STAND SOMEONES CORRECTION THAT CAN BENEFIT US ALL...
THAN TO REMAIN IN IGNORANCE..
I APPRECIATE YOUR CORRECTION ....
THANK YOU FOR THAT......
FROM THE HUMBLE PERPENDICULAR PRONOUN THAT IS ...I
MICHAEL |
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By: lasty49
1/10/2008
2:10 pm Yahoo! Profile:
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"IF YOU ARE AN IMPORTER YOU WANT.
LOW AUSSIE DOLLAR & CONVERSELY IF YOU ARE AN EXPORTER
A HIGH $AUD
(UP TO A CERTAIN POINT THAT IS)"
I think you have had too many baked beans.
An importer wants the Aussie higher and exporter wants it lower. |
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By: michael_calibremusic
1/10/2008
1:13 pm Yahoo! Profile:
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THE MAIN POINT THAT I WAS MAKING WITH MY POST $$$ 7 beans example
IS
WE NEED BALANCE, THE THINKING TO BE CREATIVE AS MUCH IS POSSIBLE IN OUR DAILY LIVES.
I OBJECT TO THOUGHTLESS WASTE. AND I SEE GROSS IGNORANCE & WASTE IN THE WAITING SHOPPERS TROLLYS AT THE CHECKOUT.. THESE PEOPLE FILL THEIR BASKETS WITH BRAND NAMES DOUBLING THEIR CHECKOUT PAYMENT...REMEMBER,C
I MAKE A POINT OF TESTING ANY MONEY SAVING BRAND FOR IT S TASTE SIZE & ECONOMY IN NOT ONLY PRICE.BUT UNIT COST...
THE AUSTRALIAN DOLLAR IS ACTUALLY BASICALLY OK WHEN YOU CONSIDER ALL THE WORLDWIDE DAILY MOVEMENT.THE WAY TO HELP IT WORK FOR US IS IN THE WAY WE USE IT DOMESTICALLY ( THATS PERSONAL LEVEL USE) AND INTERNATIONALLY (THAT IS EITHER PERSONAL OR AS IS PROBABLE BUSINESS USE)
ULTIMATELY IT WILL ALL FILTER BACK DOWN TO US AS INDIVIDUALS AND IF WE CANNOT INFLUENCE IT IN THE UP PART OF THE CYCLE .WE CAN SHOW PRUDENCE IN THE AREA THAT IT EFFECTS US MOST & THAT IS THE AREA OF PERSONAL SPENDING..NOW , THERE'S AN AREA THAT WE DO HAVE 5 AREAS OF CONTROL ON..
1./ WHAT WE BUY
2./ HOW MUCH WE BUY
3./ HOW MUCH WE ARE PREPARED TO PAY
4./ WHO WE BUY FROM
5./ WHY WE CHOOSE TO BUY THE PRODUCT & WHERE & WHY WE CHOOSE TO BUY THE PRODUCT AT ANY GIVEN TIME..
YES, WE ACTUALLY HAVE SOME CONTROL..
FOR INSTANCE I'M A GREAT BARGAIN ECONOMY HUNTER..I BUY WHEN I NEED IT.. OR IF I KNOW THAT AT CERTAIN TIMES OF THE YEAR AN ARTICLE OF CLOTHING I WEAR ALL THE TIME ie JEANS WILL BE ON A HEAVY REDUCTION I WILL BUY 4 / 5 PAIRS, LAYBY THEM & I NEVER EVER PAY FULL PRICE ON ANYTHING..I HAVE PUT ON WEIGHT, SO I NEED 5XL SIZE SHIRTS .. AT THE END OF THE SUMMER SEASON I BUY MY NEXT SUMMER SHIRTS NOT FOR $30 OR $40 .BUT $10 TO $15.WHAT I AM SAYING IS OUR DOLLAR IN OUR HAND IS WHERE WE HAVE THE GREATEST CONTROL....THINK ABOUT , KNOW ABOUT & PLAN AHEAD ABOUT EVERYTHING THAT YOU NEED OR WANT...
AND REMEMBER .NEEDS ARE ALWAYS MORE IMPORTANT THAN WANTS...ANY DAY & EVERY DAY
PRICE , QUALITY , VARIETY/CHOICE IT'S UP TO US. ... |
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By: michael_calibremusic
1/10/2008
12:40 pm Yahoo! Profile:
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HELLO TOO ALL,HAVING A NICE DAY.
I THOUGHT SO.
IF YOU ARE AN IMPORTER YOU WANT.
LOW AUSSIE DOLLAR & CONVERSELY IF YOU ARE AN EXPORTER
A HIGH $AUD
(UP TO A CERTAIN POINT THAT IS)
CONFLICTING INTERESTS .THE MARKET FORCES AT WORK.
A ""TUG OF WAR""
WHAT WE NEED IS A STABLE AUD$ OF AROUND 85c TO 87c AUD TO THE USD...
WHILE I LIKE THE THOUGHT OF STICKING IT UP THE AMERICANS & PARITY WOULD BE NICE IT WOULD NOT BE GOOD FOR AUSTRALIA IN THE LONG TERM.
THE WAY FOR THE LITTLE PEOPLE TO GAIN IS TO START BARTERING AGAIN FOR WHAT THEY WANT & NEED
BUT A LOT OF PEOPLE DO NOT KNOW HOW OR FEEL THAT IT IS BENEATH THEM TO DO THIS..
IF BUSINESS CAN BARTER & SAVE HARD CASH OR A % OF HARD CASH OUTLAYS .WHY CANT YOU?
WHEN YOU BUY A NEW ANYTHING.. ALWAYS ASK FOR A DISCOUNT ON THE MARKED PRICE.
IF THEY REFUSE SAY THAT'S OK...HAND THEM THE ARTICLE AND SAY.
"WELL, MAYBE YOU WONT HERE ..BUT DOWN THE ROAD THEY WILL."
AND WALK OUT..
ANOTHER VARIATION..
TAKE ALL YOUR FAMILY MEMBERS WHO WANT TO BUY SOMETHING INTO THE STORE
THEN ALL TURN UP AT THE CHECKOUT TOGETHER..TO PURCHASE..AND THEN FOLLOW THE PREVIOUSLY ASK STATEMENT....
IF NO, DUMP THE GOODS AT THE COUNTER & WALK OUT.
IF THEY WONT GIVE THE QUESTION IS """DO THEY WANT THE SALE OR NOT.??""
DO THAT A FEW TIMES & YOU WILL SOON SHAPE HEARTS & MINDS.
HAGGLE HAGGLE HAGGLE..FOR LOWER PRICES ANYTIME,ANYWHERE & ANYHOW.LOWER THE COST TO YOU..SAVES YOU MONEY IN THE POCKET
WHICH YOU CAN EITHER SPEND ELSE WHERE OR ACTUALLY SAVE IT..DO NOT BUY BRAND NAMES IT'S A WASTE OF YOUR MONEY .
EXAMPLE HIENZ /SPC / WATTIES BAKED BEANS ARE NICE,NICE & EXPENSIVE.
WHEREAS, COLES OWN BUDGET BRAND(WHITE CAN) IS MADE IN ITALY WITH A VERY NICE SAUCE.
THE BEANs ARE THE SAME IN EVERY CAN..
IT'S THE FLAVOR OF THE SAUCE THATS DIFFERENT 62c VERSUS, 89c coles you'll love it.$1.39 plus for the others. brand names if used in an unNEEDED way are a waste.(WOOLIES HAS TERRIBLE SAUCE TASTE)
WHY PAY THEIR ADVERTISING FOR THEM ... |
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By: lasty49
1/10/2008
9:17 am Yahoo! Profile:
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I think you having been taking too many drugs.
Tell your friends to go to Christmas Island and fill out the employment card.
Our nice customs officers are there waiting to greet them. |
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By: jkueh
1/10/2008
8:56 am Yahoo! Profile:
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| The Gov is doing the right thing to lower down the Aussie dollar as more skilled immigrant are affordable to migrate and work in Australia before. Residence house price will be the main concern for most of the immigrant when they arrive in AUS. Recent downturn in housing price and dollar will definetly boost the amount of foreign labour into the market and create a better growth economic. |
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By: lasty49
28/07/2008
1:15 pm Yahoo! Profile:
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The Aussie dollar isnt high.Its only high because you have seen it come from .45 cents. Have you seen it fall from $1.50 pre float days ?
Australia isnt in a recession,far from it.
We are experiencing the biggest mineral boom ever.
Jobs are short in WA. 86,000 people are needed to service the mines and their communities.
A high Aussie dollar maybe damaging to our exporters but its a benefit to our overseas private sector debt of $580 billion.Why?
Because the repayments are cheaper which reduces their costs. |
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By: contratrad
22/07/2008
9:51 pm Yahoo! Profile:
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Hello Everyone,
The presently high Aussie Dollar is there because of the present High Interest Rates and from what I can see we are now in a Recession. Once this is Official the Aussie Dollar will Drop to perhaps its rightful Level.
The question is how deep will the Recession become before out 'Out of touch' RBA reduces Interest Rates.
This Presently high Aussie Dollar is very damaging to our Exporters.
A concerned and depressed,
contra |
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By: contratrad
22/07/2008
9:41 pm Yahoo! Profile:
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Hello Everyone,
The presently high Aussie Dollar is there because of the present High Interest Rates and from what I can see we are now in a Recession. Once this is Official the Aussie Dollar will Drop to perhaps its rightful Level.
The question is how deep will the Recession become before out 'Out of touch' RBA reduces Interest Rates.
This Presently high Aussie Dollar is very damaging to our Exporters.
A concerned and depressed,
contra |
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By: sashaspiron@y7mail.com
17/07/2008
11:55 pm Yahoo! Profile:
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| Then what are the implications or rather ramifications of Australia acting as "Broker" to exchange Us$ to CNY ? |
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By: lasty49
15/07/2008
12:25 pm Yahoo! Profile:
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"This is a bit misleading from my point of view. Singapore's policy is to allow exchange rate to fluctuate within a certain band (say plus/minus -2%) to control inflation. They did not aim to strengthen the exchange rate."
So far this year they have let their currency strengthen 5.8% which is alot for a managed float.
"It is effective. However, the issue here, MAS (Monetary Authority of Singapore) needs to intervene by selling/buying currency to maintain the exchange rate band which cost a lot of money. Bigger your economy more money you need to maintain the exchange rate."
Actually most managed floats are to prevent the currency's strength not weakness.
The MAS has been known to intervene agressively and to curb speculation.This is one central bank you dont mess with !
"The use of exchange rate rather than interest rates to fight inflation keep people employed as pressure is off small business"
Not true. Few days ago, I was in Singapore. There are a lot of small business suffering due to high cost."
Of course in these global inflationary markets all businesses are suffering including China.
However my point is that if you increase interest rates the cost to business will be far greater than a strengthening exchange rate. |
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By: lasty49
15/07/2008
12:04 pm Yahoo! Profile:
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Getting back to the foreign borrowings.
Australia's foreign debt is private and sourced mainly from US dollars.
To repay this debt Australianh companies need to convert AUD into USD.The higher our exchange rate goes the less Australian companies have to pay in interest or principal. |
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By: s_step000
19/06/2008
11:51 am Yahoo! Profile:
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"Actually Todd, Singapore are experiencing 7.5%pct inflation.rather than lifting their rates which currently stand at 3.5% they will combat inflation by strengthening the exchange rate."
This is a bit misleading from my point of view. Singapore's policy is to allow exchange rate to fluctuate within a certain band (say plus/minus -2%) to control inflation. They did not aim to strengthen the exchange rate.
"The use of exchange rate rather than interest rates to fight inflation keep people employed as pressure is off small business.
Pretty simple but effective."
It is effective. However, the issue here, MAS (Monetary Authority of Singapore) needs to intervene by selling/buying currency to maintain the exchange rate band which cost a lot of money. Bigger your economy more money you need to maintain the exchange rate.
"The use of exchange rate rather than interest rates to fight inflation keep people employed as pressure is off small business"
Not true. Few days ago, I was in Singapore. There are a lot of small business suffering due to high cost. |
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By: loko_rus
19/06/2008
4:11 am Yahoo! Profile:
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Hi Lasty, I'd just like to discuss about your theory. You are suggesting that a strong $A would reduce the forien borrowings..
If you look at the U.S, they are having a huge bugget deficit, and I believe that is at least one factor that gave the Bush government incentive to support a weak dollor. Countries like China and *** an hold massive U.S bonds, when the dollor loses value, the bonds that holding by *** an simutanously loses value as well. Say, if *** an owns $500 U.S bonds which worth 10 eggs or 1000yen, after dollor's price drop down, now $500 bonds that *** an are holding could only buy 5 eggs or 500yen..
I think this apply to A$ as well. if China hold 100A$ bonds.. as A$ getting more and more expensive, china gains. |
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By: lasty49
17/06/2008
10:00 am Yahoo! Profile:
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Actually Todd, Singapore are experiencing 7.5%pct inflation.rather than lifting their rates which currently stand at 3.5% they will combat inflation by strengthening the exchange rate.
The reason why I use Singapore as an example is that they are 2nd most competitive economy in the world and catching up fast to the U.S. who rate No.1
The use of exchange rate rather than interest rates to fight inflation keep people employed as pressure is off small business.
Pretty simple but effective. |
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By: toddfatso
13/06/2008
5:05 pm Yahoo! Profile:
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| good points lasty. higher AU$, more oil for our buck, inflation would go down, interest rates to follow.. |
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By: lasty49
11/06/2008
12:24 pm Yahoo! Profile:
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The AUD in my view undervalued and the RBA have also conceded the fact.
The AUD needs to be at least AUD 1.10 vs USD to fight off inflation coming from external factors, oil and food the biggest contributors to western countries inflation concerns.
Our exports are primarily commodities which are in great demand so no impact.Our tourism is shot to pieces not by exchange rates but by fuel costs of air travel PLUS the worldtraveller is staying at home.
Imported goods will be cheaper which will dampen inflation and possibly lead to lower interest rates.
Our foreign debt will be reduce by 15pct. is this why the U.S. prefers a strong currency? |
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