Australian Politics Forum - CRASHING A$ --> US$0.65

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CRASHING A$ --> US$0.65
Nov 21^st, 2017 at 12:01pm

Australian dollar to slide to 65 US cents in 2019, says Morgan Stanley

Australia's dollar is set to fall to the weakest since the aftermath of the global financial crisis in 2009 as it loses its standing as a high-yielding currency, according to Morgan Stanley.

The Aussie will drop to 67 US cents in 2018 before retreating further to 65 US cents in 2019 as the nation's benchmark rate will eventually go below the Federal Reserve's, said Hans Redeker, the London-based chief global currency strategist at Morgan Stanley, the most bearish forecaster of the currency

As Australia's yield premium to the US. evaporates and becomes a discount, the currency will break its correlation with emerging-market peers, he said. The Aussie will underperform as developing-nation currencies continue to attract investors with "super attractive" real yields, he said.

"In the past, when emerging markets were doing well, people were buying the Australian dollar," Redeker said. "It is no longer going to work like this. We are going to see that break simply because there is no yield."

http://www.smh.com.au/business/markets/currencies/australian-dollar-to-slide-to-...

So the massive debt, the repayments will spiral ... correct?

http://www.australiandebtclock.com.au/

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cods Gold Member Offline Australian Politics Posts: 88048	Re: CRASHING A$ --> US$0.65 Reply #1 - Nov 21^st, 2017 at 12:03pm ____ wrote on Nov 21^st, 2017 at 12:01pm: So the massive debt, the repayments will spiral up ... correct? cause for celebration down at Greens headquarters I am sure..
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____ Gold Member Offline Australian Politics Posts: 33410 Australia Gender:	Re: CRASHING A$ --> US$0.65 Reply #2 - Nov 21^st, 2017 at 12:05pm Yes ... proof John Howard and Peter Costello were economic idiots.
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Re: CRASHING A$ --> US$0.65
Reply #3 - Nov 21^st, 2017 at 12:09pm

Why should Australia not catch up with Norway, less than half our size, and have a sovereign wealth fund, mandated female representation on corporate boards, determined global outreach for peace in such horror conflicts as the Sri Lankan civil war, and funding for the protection of large swathes of the world’s besieged tropical rainforests?

https://greensmps.org.au/articles/green-dividend-senator-bob-browns-national-pre...

Bob Brown
29 June 2011

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hatman92 Senior Member Offline Australian Politics Posts: 332 Gender:	Re: CRASHING A$ --> US$0.65 Reply #4 - Nov 21^st, 2017 at 12:10pm ____ wrote on Nov 21^st, 2017 at 12:01pm: So the massive debt, the repayments will spiral ... correct? Not if it is in Australian dollars.
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Jasin

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Re: CRASHING A$ --> US$0.65
Reply #5 - Nov 21^st, 2017 at 4:06pm

Watch the Boats flood in if the Australian dollar is above the USA dollar like $1.30.

Australia can't keep playing the 'poor convict' card forever.
The Media already promotes Australia as a snooty wealthy nation of recreational fishing, banquets, resorts and holiday lifestyles for the celebrity rich.
(Sounds more like Oceania to be honest Tongue

)

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AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.

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____ Gold Member Offline Australian Politics Posts: 33410 Australia Gender:	Re: CRASHING A$ --> US$0.65 Reply #6 - Nov 21^st, 2017 at 4:27pm If the wall is erected in time, Mexico will be protected from Americans fleeing their hyperinflation. They'll swamp Canada ... then they will flee to locations like Australia by boat. Will Australia stop the boats if they are full of economic caucasian refugees ?
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lee Gold Member Offline Australian Politics Posts: 16399 Gender:	Re: CRASHING A$ --> US$0.65 Reply #7 - Nov 21^st, 2017 at 4:46pm ____ wrote on Nov 21^st, 2017 at 12:01pm: Australian dollar to slide to 65 US cents in 2019, says Morgan Stanley ____ wrote on Nov 21^st, 2017 at 4:27pm: Mexico will be protected from Americans fleeing their hyperinflation. Gone from the Australian Dollar crashing against the USD to the USD dollar crashing.
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Bobby. Gold Member Online Australian Politics Posts: 95233 Melbourne Gender:	Re: CRASHING A$ --> US$0.65 Reply #8 - Nov 21^st, 2017 at 6:06pm It will make property cheaper for Chinese investors. They use foreign currency to buy property.
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Sir lastnail

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Re: CRASHING A$ --> US$0.65
Reply #9 - Nov 21^st, 2017 at 6:23pm

Bobby. wrote on Nov 21^st, 2017 at 6:06pm:

It will make property cheaper for Chinese investors.
They use foreign currency to buy property.

That's all we have left to sell to them apart for some minerals in the ground and some canned baby powder Sad

How did we ever end up like this thinking that the rest of the world was going to pay top dollar for our bullshit services sector ?

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Bobby.

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Re: CRASHING A$ --> US$0.65
Reply #10 - Nov 21^st, 2017 at 6:32pm

Sir lastnail wrote on Nov 21^st, 2017 at 6:23pm:

Bobby. wrote on Nov 21^st, 2017 at 6:06pm:

It will make property cheaper for Chinese investors.
They use foreign currency to buy property.

That's all we have left to sell to them apart for some minerals in the ground and some canned baby powder Sad

How did we ever end up like this thinking that the rest of the world was going to pay top dollar for our bullshit services sector ?

Yes Nail,
we're becoming a banana republic just like Keating predicted.

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____ Gold Member Offline Australian Politics Posts: 33410 Australia Gender:	Re: CRASHING A$ --> US$0.65 Reply #11 - Nov 21^st, 2017 at 6:42pm Bobby. wrote on Nov 21^st, 2017 at 6:06pm: It will make property cheaper for Chinese investors. They use foreign currency to buy property. Before, and even cheaper when the real estate bubble pops.
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Bobby. Gold Member Online Australian Politics Posts: 95233 Melbourne Gender:	Re: CRASHING A$ --> US$0.65 Reply #12 - Nov 21^st, 2017 at 6:48pm ____ wrote on Nov 21^st, 2017 at 6:42pm: Bobby. wrote on Nov 21^st, 2017 at 6:06pm: It will make property cheaper for Chinese investors. They use foreign currency to buy property. Before, and even cheaper when the real estate bubble pops. The Chinese will buy up Australia for a sixpence.
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miketrees Gold Member Offline Australian Politics Posts: 6488 Gender:	Re: CRASHING A$ --> US$0.65 Reply #13 - Nov 21^st, 2017 at 7:47pm 65C would suit me, I would go back to growing trees. The export markets would crank up again.
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Jasin

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Re: CRASHING A$ --> US$0.65
Reply #14 - Nov 21^st, 2017 at 8:59pm

____ wrote on Nov 21^st, 2017 at 4:27pm:

If the wall is erected in time, Mexico will be protected from Americans fleeing their hyperinflation.
They'll swamp Canada ... then they will flee to locations like Australia by boat.

Will Australia stop the boats if they are full of economic caucasian refugees ?

Of course not!
What are you - some imbecile?
Only a Gay 'traitor' would think like that.
You need to get yourself a 'non-white' wife and stop trying to act like a tough arsehole whose thick skin can't be penetrated where the sun don't shine on it.

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AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.

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