the USD could rise against the EU due to the EU's austerity holding them back and the fed taper, and the AUD could rise on the back of increased business between the USA and china. so you end up with a 90c AUD and a USD stronger against everything.
basically it's a future where the euro zone ends up a loser, domestic demand in the US gets stronger giving the chinese someone to sell stuff to.
How much of the USD 'role' in the currency markets has been taken up by the aud in the last five years? With a stronger USD, do you think there is a need for the aud to fullfill this role?
Do you really think a devaluation of the euro will be offset by us growth. Your model would stand a better chance with a strong euro. Which is by no means out of the equation.
The only scenario I can see is an out of control house price boom, and I need to smoke a lot of weed to see that.
The aud is falling, and it's not a bad thing for everyone on this board, except maybe frank.
How much of the USD 'role' in the currency markets has been taken up by the aud in the last five years? With a stronger USD, do you think there is a need for the aud to fullfill this role?
Do you really think a devaluation of the euro will be offset by us growth. Your model would stand a better chance with a strong euro. Which is by no means out of the equation.
The only scenario I can see is an out of control house price boom, and I need to smoke a lot of weed to see that.
The aud is falling, and it's not a bad thing for everyone on this board, except maybe frank.
Both the kouk and I think CJ are expecting interest rate rises and the AUD to rise in 2014 as our economy regains strength. I hope that they are wrong, but they both have a good track record in predictions. I'll see if I can find the links for you.Here is what the kouk is expecting for the dollar in 2014 -
Quote:
Range for the year, 84 US cents to 97 US cents with more time in a 90 to 95 range, especially in the second half of 2014.
as an aside he is expecting house prices to rise less than 5% in 2014.
I can't find a quote from CJ on the AUD, but here is a video of him discussing house prices in 2014, and he does mention the effect of a lower dollar in housing after Bassanese has a few words.
The $US has for over 100 years declined in value against most if not all currencies.
The Bretton woods agreement in 1944 which birthed both the IMF and the World Bank are the cornerstones of a world monetary rape. This absurd agreement was then reinforcement by the petrodollar. I could wax lyical about this but that would serve no purpose.
These systems are now breaking down.....
This is really a big deal and it's happening now...you will probably read about this in the papers, internet and other 'friendly information sources' after you lose much of your asset value in your portfolio.
The $US has for over 100 years declined in value against most if not all currencies.
The Bretton woods agreement in 1944 which birthed both the IMF and the World Bank are the cornerstones of a world monetary rape. This absurd agreement was then reinforcement by the petrodollar. I could wax lyical about this but that would serve no purpose.
These systems are now breaking down.....
This is really a big deal and it's happening now...you will probably read about this in the papers, internet and other 'friendly information sources' after you lose much of your asset value in your portfolio.
The systems are not breaking down they are working as they always do - delivering a nice windfall to the same old same olds. Nothing has changed.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Yes, we all still die at 40, use leeches to remove the evil spirits, travel by horse and buggy and live in stone huts. Nothing has changed.
What is that silly nonsense about? have you lost the plot completely? Leeches and evil spirits whatever will you say next?
Aha I get it david, you want to be my troll now. Its been a while since I had a troll, I think Mango was the last and before that there was Earthsta.
Did you ever buy in the US and sell all your AUD ? or was that all made up rubbish.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
What is that silly nonsense about? have you lost the plot completely? Leeches and evil spirits whatever will you say next?
I could ask you the same question. What do you mean by 'nothing has changed'? Hasn't everything changed? What do you include in your 'nothing' that hasn't changed?
Quote:
Aha I get it david, you want to be my troll now. Its been a while since I had a troll, I think Mango was the last and before that there was Earthsta.
Why would I troll you? I am simply asking questions for clarification on some of the very strange things you say. I am trying to determine the origin of these strange and erroneous claims you make. You could be trolling, you could be mentally challenged, or even mentally ill.
Quote:
Did you ever buy in the US and sell all your AUD ? or was that all made up rubbish.
Many countries have not had the same currency for the last 100 years so we cannot easily do the comparison with those. However, here are some with which we can easily do the comparison.
Australia - in 1928 one $US bought only 0.2 Australian pounds. It now buys more than one AUD (more than half an Australian pound) China - in 1981 one $US bought only 1.7 Yuan - it now buys 6 Yuan Columbia - in 1926 one $US bought only 1 peso - it now buys 1900 pesos Denmark - in 1913 one $us bought only 3.7 Krones - it now buys 5.4 krones Hong Kong - in 1916 one $US bought only 1.9 HG dollars - it now buys 7.7 HK dollars India - in 1916 one $US bought only 3 rupees - it now buys 62 rupees Indonesia - in 1967 one $US bought 160 rupiah - it now buys 12,000 rupiah Japan - in 1916 one $US bought only 2 Yen - it now buys 105 Yen Norway - in 1915 one $US bought only 3.8 krona - it now buys 6 krona UK - in 1911 one $US bought only 0.2 British pounds - it now buys 0.6 British pounds.
You get the message? Most currencies have declined in value compared to the USD over the last 100 years. Many declined to zero or were replaced with devalued currencies.
Sure there are examples of currencies against which the USD has declined in value. The Swiss franc is one. What others?
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