A lower AUD is good for Australian business... it is what's needed to fill the gap caused by declining iron Ore orders from China... when mineral exports decline, the AUD drops allowing export prices for other industries to become more competitive ...

AUD/USD – Falls Away Sharply from Resistance Level at 0.88

Bernanke is typical of any captain abandoning his sinking ship... in history he will claim it was not his fault the worlds economies collapsed, because they were still afloat when he jumped overboard. All he did was plug some holes, get into the ...

Bernanke Unique Rescuing U.S. With Acts No Fed Chairman Embraced

Hugo Dixon and breakingviews.com are fuckwits

Bernanke deserves 6 out of 10

OK... go into a court case, trafic or anything, and when the beak asks how you plea to the charges, guily or not guilty... you answer, "Your Honor, I plead guilty to the facts" He will go red in the face, and demand/order you to plead guilty or not ...

Do cry for me Argentina? Peso plunges

looking at the monthly chart I see the g/u turning about here and heading back to about 1.53

Fed in focus after emerging market mauling

Good luck if you try telling that to a judge or Magistrate. Go into a court and try pleading guilty to the facts. They won't accept your plea, because they can't see facts, they can only see charges. But thats getting off track... the ONLY reason ...

Do cry for me Argentina? Peso plunges

While we all like to trade technicals, and we believe we are geniuses because we can interpret squiggly lines on charts, the simple fact is that it's fundamentals that drive the markets, not technical analysis. In hindsight, even blind Freddy can ...

AUD tumbles as RBA's Ridout talks down the currency

... down 2,000 pips, and Soros called it last May.

AUD tumbles as RBA's Ridout talks down the currency

AUD was 1.06 just 12 months ago, and now its 0.86... thats almost 20% so far in just 12 months. Its likely headed for about 0.70, which is another 18% from the current value. 0.70 would be a 24.5% drop from last years high.

AUD tumbles as RBA's Ridout talks down the currency

Actually any country's central bank can print money, but only the FED can print USD Take Iraq for instance... they have printed and sold over 70 trillion IQD the last 8 years or so. They have a pegged currency that is about 1170 IQD to US$1, so they ...

Do cry for me Argentina? Peso plunges

Devaluing a currency is not necessarily the same as printing more currency.

Do cry for me Argentina? Peso plunges

Why not 0.60? You whiners are all long you idiots. A lower AUD is GREAT for the Australian economy. It's tough on importers, and people who buy Levi's overseas, but fuck them, just like traders long the AUD, they don't matter.

AUD tumbles as RBA's Ridout talks down the currency

Emu's and Ostriches went through this same crap, idiots were paying $25,000 for a bird that could lay eggs. Then the bubble burst... and now you can buy Ostriches for a hundred to a few hundred dollars... that still only lay eggs. I remember people ...

Did Ukrainians Almost Take Over Bitcoin?

OK... how about housing loans being given to homeless people with no collateral, or how about student loans being given out to university students with no promise of a job to pay back the loan? A bubble is a bubble... it doesn't matter whether its a ...

Did Ukrainians Almost Take Over Bitcoin?

oh shit, not a bloody pommie. Its the bloody Poms that sold us down river into Statutory slavery... them and the friggin vatican.

Is China's economy headed for a crash?

I suppose what you really meant is that its OK for America to waste 25% of the energy we produce, but its not OK for China to do so. The only reason America uses 25% of the worlds energy is because its so dammed cheap.

Is China's economy headed for a crash?

ummmm... so? I can't change energy prices and I guarrantee you can't either, so why worry about it? Now lets take it from a different angle... if we say that Europe and the rest of the world is coming 70% already, with America at 25% and China at 5% ...

Is China's economy headed for a crash?

For a start, you have no idea how much fossil fuel is left... the amount discovered each year is rising exponentially. Just last year more natural gas/oil was discovered in just one field in South Australia, than exists in Saudi Arabia for instance.

Is China's economy headed for a crash?

China really only has 2 choices... create the freedoms that allow a consumer class to thrive, or revert back to a full communistic/feudalisic society. Actually, because of reforms already in place, they have only one option.

Is China's economy headed for a crash?

Naningbob is correct. While China is a great nation population wise, they are yet to become a great nation of consumers... but I believe that will happen, because the powers that be in China know it is ABSOLUTELY necessary. China's middle class is ...

Is China's economy headed for a crash?