Bjerknes

"Top Economist"
Mar 16, 2004
115,912
125km winds, it wasn't exactly a scene out of twister but some pretty big trees getting pulled out of the ground here and there. Couple of power lines got fucked up. Not to mention my hair is a bit worse for wear today..***..
Damnnnn, that's nasty yo.

Australia has some interesting weather.
 

Bjerknes

"Top Economist"
Mar 16, 2004
115,912
farewell to 'Cash 4 Clunkers'

you stimulated a small segment of the auto industry and thats about it. good riddance
Much of which went to foreign automakers.

It certainly boosted sales, but now more people are going to be in debt, not saving money. This country needs more savings and investment, not more debt. So we're doing the wrong things.
 

Bjerknes

"Top Economist"
Mar 16, 2004
115,912
Consumer confidence has risen in August from 47 last month to 53 this month, but that is predictable because this sort of index is highly correlated with equities. What people are failing to understand is that the dollar index has been dropping for months now, hurting peoples' purchasing power.
 

Nenz

Senior Member
Apr 17, 2008
10,472
Consumer confidence has risen in August from 47 last month to 53 this month, but that is predictable because this sort of index is highly correlated with equities. What people are failing to understand is that the dollar index has been dropping for months now, hurting peoples' purchasing power.
Yeah but they don't have to know that. Is this falling USD because of your low interest rate?..***..
 

Bjerknes

"Top Economist"
Mar 16, 2004
115,912
Yeah but they don't have to know that. Is this falling USD because of your low interest rate?
Yeah, basically. Confidence in the currency is in question now, and if the Central Bank doesn't halt their quantitive easing program, this will continue. This is what they want, a weaker dollar, but the problem is they're playing with fire thinking they can control the largest market in the world... the forex market.
 

Nenz

Senior Member
Apr 17, 2008
10,472
Yeah, basically. Confidence in the currency is in question now, and if the Central Bank doesn't halt their quantitive easing program, this will continue. This is what they want, a weaker dollar, but the problem is they're playing with fire thinking they can control the largest market in the world... the forex market.
High levels of confidence aren't necessarily unjustified. The low USD indicates increased export competitiveness. I'm not usually for the reserve banks manipulation of currency, but during the past year I've seen the Australian Reserve Bank implement the dirty float and they've managed to maintain a healthy value of Australian Currency..***..
 

Bjerknes

"Top Economist"
Mar 16, 2004
115,912
High levels of confidence aren't necessarily unjustified. The low USD indicates increased export competitiveness. I'm not usually for the reserve banks manipulation of currency, but during the past year I've seen the Australian Reserve Bank implement the dirty float and they've managed to maintain a healthy value of Australian Currency..***..
Well, the AUD is more of a commodity currency, so it's actually appreciated in value over the past 5 months, mostly because the dollar has dropped. I'm all against central banks because they cause bubbles and volatile growth through interest rate manipulation. Contrary to popular belief, they cannot control the forex market, so that means they won't be able to control what happens to the dollar once damage is already done to it. They're also creating other bubbles as we speak to combat the other bubble we created. :lol:
 

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