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.

[the_great_she_elephant]

It's been as low as 0.50 and the sky didn't fall on our heads

[cherry*135]

It's been as low as 0.50 and the sky didn't fall on our heads

It made a lot of products Made in the US (printer ink for one) very expensive though.

[*mrgrizz*]

Oh and grizz:

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

and lots of other people

[the_hawk*]

It's been as low as 0.50 and the sky didn't fall on our heads

The problem is we now import far more than we use to because all our manufacturing has moved off shore.

Prices this time of nearly every thing will rise as incomes reduce.

There are signs that the US is starting to recover, our economy has been propped up by spending money we don't have. 

As the rest of the world recovers we are going to suffer and be left behind in the dust.

[monman12]

TH: "The problem is we now import far more than we use to because all our manufacturing has moved off shore."

Codswallop TH.

May 7, 2013,

"The Bureau of Statistics figures show the nation exported $307 million more in goods and services than it imported in March, seasonally adjusted."

"The surplus was due to the combination of a modest 1 per cent gain in exports to $25.75 billion, while imports declined by 1 per cent to $25.44 billion."

"The Bureau of Statistics figures show the nation exported $307 million more in goods and services than it imported in March, seasonally adjusted."

Does anyone here bother to do any basic research?

[the_hawk*]

now take out what we are digging out of the ground and get a real picture

[the_hawk*]

Well that didnt take long to happen, only a little way to go now to .90c

next stop .88c

Prices already increasing

Fords have given up and Holdens, well who knows 

[just_me_karen]

Yes. Let's just close the lot of them. Then you could post more snippets of joy.

[the_hawk*]

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@just_me_karen wrote:
Yes. Let's just close the lot of them. Then you could post more snippets of joy.

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It is what it is and talking things up is not going to change whats coming.

[margomeoz]

Well I am not sure which way I will be better off probably be better for me if it falls.

My imports will suffer but I can make some things here which I have only just begun to do again for the first time since 2003,

But if the tourist industry becomes good again I will be able to sell both imports and home made items.

All the cheap imports in the world are no good if you don't have customers to sell them to and for my B&M store I need tourists.

Ebay will still do well in the summer either way so I don't think it such a bad thing at least not for me.