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why is that? do you export agricultural products there?

not hard to envisage the gbp heading to 2.5:1 tho in the short term, then trending toward 3:1 as the deficit blows out, rates slashed, economy falters

do you forsee gbp returning to 3:1? seem to be a few punters calling usd 60 by year end

if the AUD collapses that could fuel a further spending spree in Sydney?

why? or is every day fun?

where can I claim my rebate for filling my yacht with 1,000 litres of the good stuff?

worked in the UK and bought aussie property with my left over change

because there is competition between suppliers, however movement in the AUD will affect all suppliers... because we produce little of high end value, just stuff that sells on price

I'm not running us down tho... I'm the one saying that we have the ability to produce goods and services that are in demand, not just cheap take smart phones for example - do you think sales volumes would be materially different if the prices were 20% higher? I don't

it doesn't appear cheaper - it is cheaper. It's like cutting your hourly rate in half. If you worked 38 hrs a week at say $50/hr and you halved your rate to $25/hr you 'suddenly appear cheaper' and may find enough demand to work 76 hrs a week. This is a direct analogy where 'you' is 'Australia'...

I think that if the AUD headed for 50c I would bail out of this country. the standard of living is not bad at the moment but I'm not prepared to accept such a massive cut. Arbitrary taxes on things like top end euro cars put them out of the reach of most but it can be accepted for other...

again I have to disagree, if the AUD drops from say $1.00 to 50c, then you have to send twice as much money overseas to pay for the same thing. You send more money, not less

how can the price of everything increasing not affect our standard of living?

we dropped our auto manufacturers like a hot potato. allah save us should we need to mobilise to war

LOL - then it there would be screams of blue murder re diesel prices and a new diesel fuel subsidy would be required

yeh mass manufacturing has gone so nothing to revive there. and if they were relying in a drop in prices to be competitive then god help them because this can never be a price based manufacturing economy. Sell something people want or need, not just stuff that's cheap, leave that for developing...

yes but you have to sell overseas using locally sourced inputs to benefit. For everyone else it is pain and suffering and a destruction of national wealth

it's a mixed bag, yes you as individuals may temporarily be better off but national wealth is very important to personal wealth. try getting rich in somewhere like Somalia, pretty difficult as no one else has wealth toa cquire from

only if you were sitting on cash. if you borrowed to do it then it is not lost

can I ask why? unless you sell more in foreign currency than you spend - which would be few and far between in this country - all it does is halve our income. I think Aussies will have a dreadful time accepting the new reality if this were to occur. For a long time now we have benefited from...