40 replies to this topic

[JiMi]

I have got to say that what's happening in the US has got me really concerned ATM. There are many people like me that are tied up with investment properties and if I can't get rid of them, i'm farked. Not only that, if the economy dries up, it's going to be a bitch to find work...

i wouldnt be in a panic quite yet.. the aus economy is fundamentally strong from the lib years imo, its just all the turmoil that is making every market investor nervous atm... once everything settles/bottoms out in america i reckon all the investors will look at aus favorably and we will bounce back very quick... *shrug* welll thats what i'm wanting anyway.. hehe

[Entaran]

I haven't read this thread so if it's been said before I apologise, but the strength of the Aussie dollar has very little to do with the Aussie economy. Trading (Merchant) banks trade currencies around like nuts to make profits on margins left right and centre from federal reserves. ATM because Australia had the strongest economy people were selling up all their reserves of $AUD which drove the price down. Once it hit below 0.8, it's now become linked to the US credit bullshit and media attention and so forth.

Economics is bullshit. It's currently (0.68/$) more cost effective to buy shit locally. I feel REALLY sorry for people going on overseas holidays

[DOUGMO]

im off to thailand in 3 weeks,great.

at least im not going to the uk or us then i would be really stuffed

[iluszn]

my wife is going to the USA in november.. told her the budget is.. USD$5 a day bwhahahahaha.. Thats nearly AUD$10 man..!!

[Evo-00x]

Get this... Aussie dollar is now only $0.68 US cents... see what I mean. Compare that to the value in my first post!

JULY = 0.96
29/9 = 0.81
30/9 = 0.78
8/10 = 0.68


That's some BULLSHIT stuff right there ^^^^^

Edited by EVO-00X, 09 October 2008 - 03:36 AM.

[shauny]

its crazy, 68cent

[marinetowing]

Get this... Aussie dollar is now only $0.68 US cents... see what I mean. Compare that to the value in my first post!

JULY = 0.96
29/9 = 0.81
30/9 = 0.78
8/10 = 0.68


That's some BULLSHIT stuff right there ^^^^^

too right Rob, as someone first hand who is hanging for parts from the US to complete the job, I am pissed with the crash.
Also would like to note ( not that it is really on topic) after being away from home for the past three months and visited some of the places that you would consider the ass end of the world...every day spent out of Australia is a day wasted;)...please lets see a turn around..i need my pistons:Dlol

[jase]

I still don't believe it's as bad as everyone is saying.

Sure when you compare it to the peak of the Aussie dollar recently it looks like we're in strife, but when you compare it to what it was, we're not that far behind the eight ball..

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[JiMi]

agreed... and rudd/swan has just gone and thrown 10 billion into the equation to try and keep up with america/UK... i seriously fear for the inflation rate once the dust settles a bit.. interest rates are gonna have to make a big jump imo *eeep*

[Evo-00x]

I still don't believe it's as bad as everyone is saying.

Sure when you compare it to the peak of the Aussie dollar recently it looks like we're in strife, but when you compare it to what it was, we're not that far behind the eight ball..

How can you say theres nothing wrong with that graph dude? There's a massive drop in such a short time frame. It took ages to get the value up there and obtaining parts was good and getting cheaper and cheaper then BAM! Instant price rise.

You could get a set of pistons and rods including shipping to Australia for $950AU a few months ago.

Today, if you were to buy the same thing it would be over $1000AU value, you would be subjected to GST, Tariffs etc, and the cost would literally be around $1500AU all up!

I dunno about you but the $950AU compared to $1500AU is a massive 50% increase in cost

[p3akin]

I still don't believe it's as bad as everyone is saying.

Sure when you compare it to the peak of the Aussie dollar recently it looks like we're in strife, but when you compare it to what it was, we're not that far behind the eight ball..

lol atm on the graph.. its way lower then what it has been in the last 3 yrs..

and having worked for one of the big 4 banks in collections for 10 mnths until about 3 weeks ago, it is effecting alot of people financially..

[Evo-00x]

Only 0.61 fkn US cents now!!! Its totally ferkt guys!! That's a 20c drop in just 4 weeks from the 27th September when we were trading at 81 US cents!!! (down from 96 cents a few months ago). This really hits the hip pocket for importing stuff.

Edited by EVO-00X, 27 October 2008 - 01:54 PM.

[iluszn]

Yes it is to suck.. Because those parts that were on par for pricing.. are now worth 40% more..

$500 part is now some $700ish.. DOH

But on another note, notice that crude oil prices have dropped 60%ish. (USD$147 down to USD$60) But there is not 20% difference at the pump, actually.. I still paid nearly $1.60l to fill up.

[MatS]

The excuse is they kept the price of fuel up to limit demand. Oil feilds have hit peak production and they need to start limiting.


Load of BS personally.

Govenment should lower/remove all taxes/excise on fuel if it really wants to make a difference. The petrol watchdog is a joke.

[iluszn]

So.. Oil prices go up, pump prices instantly match. oil prices come down.. petrol prices will come down when they have used the more expensive oil up.. hrmmmmmm

They have cut production of oil. Soo, whats the next excuse.

[MatS]

So.. Oil prices go up, pump prices instantly match. oil prices come down.. petrol prices will come down when they have used the more expensive oil up.. hrmmmmmm

They have cut production of oil. Soo, whats the next excuse.

Next excuse: The extra 40c/ltr is a 'tax' implimented by oil companies on the enviroments behalf to restrict our driving habbits, for the greater good of our planet.

surprised that they haven't used this one yet...



Back on topic, the aussie dollar has been hit hard but we aren't the only ones. wait it out and you'll be fine. If you can't wait then it's time to start buying locally and stimulate OUR economy

[iluszn]

Our economy is up to it, but, its the economies around us that are faltering. US economy going down faster than a $2 hooker. Over capitalised and over lent to people who would never be able to make repayments and had no history of borrowing. So what happens, dead beats get $300k loans. buy houses, dont make repayments, bad debt.

[dub]

GF is in finance, it's really bad but things are on the up. It'll pan out in the next 6 months i'm sure.

[olly]

is it me or is petrol cheap? haha

i just filled up today at bp, 148.8cents!

[Evo-00x]

Petrol watch dog? bwahahahhaa what a joke.... I distinctively remember little Johhny Howard say way back when that the watchdog will investigate companies where petrol prices change by more than 2c a litre in any given 24 hour period! bwahahahaha. That means the watchdog must have been flat out with investigations ever since lol.... I've seen some stations jump at least 10c in one hit!