Forum economists, whats the dollar going to do?

[fmx_rider]

Originally Posted by Jim621

Thats what i recon too....Banks have people with money in Term deposits earning 8%+ on their money......

I bloody hope theres not another housing price increase....i need it to come down about 20% so i can buy

I need my investment property to go up so I can borrow against it for renovations and a holiday....

Banks shouldn't have offered 8%...given that the odds are that RBA rates were coming down later this year. Once again its a case of them not getting the market right, getting into a bad position, and leaving the poor mortgage holders to pay.

[fmx_rider]

RIO and BHP are still strong buys on ninemsn.

Maybe after the slide is finished...don't buy on the way down, only buy at the bottom or just above.

[AWDmoke]

75c and falling. Didn't see that coming.

[saturation]

72 yen to the $1 O M F G....

[AWDmoke]

Now 70 yen, cost of buying parts from Japan now cost 45% more than they did a month ago.

[confuzion]

fark thats bad

[phizzle]

Very bad times in the financial world. The Liberals will blame it all on the Labor party come next election and be voted back in

[theprotest]

Hi,

That's like people trying to blame it on the uncertainty of Obama's policies.

This financial melt has been many, many years in the making. To confuse it with politics would be incorrect.

Cheers,
Nik

[phizzle]

Originally Posted by theprotest

To confuse it with politics would be incorrect.

Exactly my point..........but it won't stop them saying it, will it? Which is my other point LOL

[vyper]

1% interest rate cut announced.

Watch everyone get back on the stock market bandwagon.