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The most popular article read on our PropertyUpdate.com.au website last week was This stuff in America - is it going to affect me? by Jenna Ford
It's worth a read - click here to get an interesting perspective
The most popular article read on our PropertyUpdate.com.au website last week was This stuff in America - is it going to affect me? by Jenna Ford
It's worth a read - click here to get an interesting perspective
If only we could be so lucky to have the AUD drop another 20 percent.
Our commodities export contracts are generally denominated in USD so a drop in the AUD would be a massive windfall for the Rios of this world - we just get that much more competitive against Brazil and Chinese domestic production.
Of course new Hemis from the US get more expensive but I'm not in the market for a new car anyway.
3. The resultant loss suffered by their Hedge/Pension Funds do not hurt them as much as their poor retail investors on the ground who have chosen to believe them in the first place and who risk losing all their entire life savings if they are not careful in their investing.
&&&&&&&&&&&&&&&&&If only we could be so lucky to have the AUD drop another 20 percent.
Retail investors should not have been investing in hedge funds by law. Such funds are only available to sophisticated investors. The law says any fund investing pooled money is not allowed to use techniques which the investor could not reasonably be expected to understand. This means that such a fund can buy calls, but not sell them. In fact retail mutual funds are severely limited in the amount of hedging they can do, and hedging, in it's purest form, is simply taking out a bit of insurance to protect your position.
Investors don't have to sit an exam to be allowed to get involved so an arbitrary measure such as having a couple of mil to invest is used. And we all know some very unsophisticated people who have that sort of money to invest.
&&&&&&&&&&&&&&&&&&Seems a correct view ( a bit surprising to see that it is coming from a property website )
He didn't mention the risk of deflation that is collecting all the cash around the world and converting into US where it is burned to cover losses, and repaying debt. This will reduce even further the investment into Australia and his resources (which by the way dropped in price around 5% overnight).
Also you have to remember that the Australian bank when they get offshore funding they get it in US$, so they repay those in US$ and interest in US$.
The funny thing is that you would think you can do that in AU$ but can't really flog that many AU$ around the world, funny that everyone want US$ even if things in US are as worst as ever.
The prove of this is that when RBA flog the markets with more AU$ these are not taken that much and actually the rate on the AU$ is quite low, even lower then the RBA target of 7% (the libor on AU$ got down to 6.25% for few days last week and even the bank bills are not that high.
It could even happen that banks in Australia will pass in even more then 0.25% of the 0.5%.
Seems she did much better the expected, it probably was an even match, she wasn't as professional as Biden but she gave the look to be "one of us".Didn't have time to watch the VP debate - if anyone did tune in, would appreciate your thoughts on how it went. Thanks!
Cheers
LynnH
QandA are discussing the bail out right now. Am amazed at the lack of understanding by all, and point scoring by the left.................actually, no, I am not amazed
Very lucky they've done it last week, have a look at THIS:Thermal coal contract prices for Japan are up again last week. Let's wait and see.