The first year that I ran the Pro show, 2001. The Aussie dollars was only at $0.43 So when I paid the sanction fees and prize money in $US it was more than double. It nearly put me under. It continued to be around $0.50 for the next few years, so it's nice to see it even out a bit.
By the way, the economy here is fine, interest rates are good, employment is high and everyone has a roof over their head.
TD
i agree with the first bit. but to say employment is high and everyone has aroof over their head is not right.
employment stats are high- thats because the liberals changed the way they were counted..now if u work any hours at all, u are counted as "employed".
also, its never been more difficult to be able to purchase and own your own house...the liberal government caused a massive increase in house prices because they bouyed the economy but not spending on services and facilities, and selling assets.
now average joe cant buy a house and have a family live in it.
so although its been quite resilient, its on the back of digging holes in our land and dodgy stats...its hardly factual.
in fact many of our cities rank as the most expensive to live in- globally.
meanwhile the uber rich get uber richer and pay the same tax or less than what middle class australians do, banks are profiteering, there are more homeless and poverty stricken people than ever before.
as a result our people are looking after themselves more than ever- trying to get ahead at the expense of others- anything to get by...its becoming more and more like the US every day.
the $Au wont ever crush the $US anyways. its been around 100-107 or so for many months now. its more likely to go back to 75c than anything else. and to say the reserve bank doesnt understand global economy is like claiming you know brain surgery better than a forum of brain surgeons..