?

How does the AUD go from 46 cents USD to 90 USD in a few years???

I live in Syd AU we have 50% youth unemployment
Every second house is for sale

Your average aussie is in personal debt of $100K plus

Our government is more unstable then then a three legged table

RegardsHK
 
Well, could I ask you a few questions? Hopefully through these questions, we could figure out the answer to your question.


How many times did interest rate increase?

Why did interest rate increase?

Is interest rate expected to increase?

What is the percentage of export you guys do that deal with China?

What are these exports?

Do you anticipate these exports to increase in the long run?
 
Quote from master33:

How does the AUD go from 46 cents USD to 90 USD in a few years???

I live in Syd AU we have 50% youth unemployment
Every second house is for sale

Your average aussie is in personal debt of $100K plus

Our government is more unstable then then a three legged table

RegardsHK

A "3-legged table" would be very stable... a tripod...
 
Interest rates up 0.25 points every quarter hence the house sales

Exports up 30% to china this year our biggest export steel, coal

I'm thinking china is backing our currency against the green back
 
Quote from master33:

Interest rates up 0.25 points every quarter hence the house sales

Exports up 30% to china this year our biggest export steel, coal

I'm thinking china is backing our currency against the green back

Are they selling their house because of the interest rate increase? I am just curious, because I don't know how mortgage payment work in Oz. In North America, the payment is fixed (just the proportion of interest change)

If Oz is expect to increase business with China and that China is continue to prosper, then that may just explained the AUD run.
 
The interest rates here are 90% variable in the housing loan market

10% are fixed rates like the US of A

Depends on the bank finance contract you have

Correct bank forclosures like your property market

China own us
they have purchased anything worth owning
Any AU companies who remain have a heavy china influence
in the manufacturing/mining sector all has gone to china

the chinese workers in china are on 69 cents per hour we can't compete

AU is another province of chairman maos great china

Our prime minister is a mandarin speaking ass kisser
our soon to be prime minister is penny wong nice chinise lady, coughs

I live in the south west of syd soon to be like detroit

Last year our gov borrowed heavily from china to stimulate our economy
at interest rates that match the mob
 
You should know it's your XXXX playing field


I'm going to ride the chinise dragon see if we can get evens our kangaroo $ with the green back
Then i'm buying benjamin franklins and moving to the US of A
 
Quote from master33:

You should know it's your XXXX playing field


I'm going to ride the chinise dragon see if we can get evens our kangaroo $ with the green back
Then i'm buying benjamin franklins and moving to the US of A

Seriously, I have not a clue. I am like those psychiatrist confirming what you already know. :p


PA
 
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