Aussie $$ set to fall

[the_hawk*]

Following on from other events like the fall in interest rates, high unemployment and Australians high debt.

Rumors within the investment community believe the AU$ is about to fall.

I personally believe its about to trip over and fall on its sword.

So many will say that's just being negative, I say it will happen and it will be sooner than most think 1 to 6 months and the $$ will be falling.

The net effect of this will be that prices will rocket up as so much in now imported.

[*mrgrizz*]

oh dear?

it used to sit around 0.70 us

back when bonds were made in Australia and ford could sell cars

[the_bob_delusion]

I'm seriously depressed about this. I love my trips to the States and Canada. 

[the_hawk*]

oh dear?

it used to sit around 0.70 us

back when bonds were made in Australia and ford could sell cars

Those days could be on us before we know it 😞

[*mrgrizz*]

Those days could be on us before we know it 😞

and what is the problem?

we need our exports to be as cheap as possible

and if imports cost more maybe we'll stop buying them

[the_hawk*]

The problem is the cost of everything we buy will jump in price because nearly everything is imported 

[*mrgrizz*]

so it's a problem now but never used to be?

it is excellent for our manufacturing industry

[the_hawk*]

That would be good if it was still here and not moved off shore, in case you didn't notice its already gone. 

[*mrgrizz*]

no it's not

I still got a job

[icyfroth]

Well I don't have much nous as far as economics go, but these sort of headlines trouble me:

Australian Dollar: How Low Will It Go?

"The Australian dollar is back on a downward spiral, reversing solid gains made overnight, as markets continue to react to recent statements from US Federal Reserve Chairman Ben Bernanke.

The currency rose as high 97.50 US cents early on Friday, up sharply from 96.23 US cents on Thursday afternoon.

But by 1200 AEST the Australian dollar had retreated back to 96.65 US cents.

http://au.finance.yahoo.com/news/australian-dollar--how-low-will-it-go--063213512.html

"Investments banks continue to be negative on the Aussie, with Credit Suisse's global strategists telling clients the currency could fall to US85c in 12 months because "this time it's structural".

What do they mean by structural?

[icyfroth]

Oh and grizz:

She'll be right mate. Long as you've got a job all's well.