Falling!!! Help!!!

[cove]

I went searching for the answer and there it was in post#10. Let's blame oz_mark as he started this problem in 2008. Currently let's start working with that fine old saying "Steady as she sinks "!

 

[oz_mark]

I went searching for the answer and there it was in post#10. Let's blame oz_mark as he started this problem in 2008. Currently let's start working with that fine old saying "Steady as she sinks "!

Funnily enough, I did buy some international tickets a last week....

 

[cove]

We need to do dinner again so we can share out the blame.

 

[cove]

Has anyone noticed that our currency falls faster than it rises??
After today we may need an interest rate cut pretty soon!

 

[TiredOldFlyer]

Blame Oz Mark.

He told us back in 2008 that when he goes away the dollar falls and I see that he has booked to go away again.

Simple answer - take away his passport.

 

[oz_mark]

We need to do dinner again so we can share out the blame.

Indeed - sometime when we are in the same city!

Has anyone noticed that our currency falls faster than it rises??
After today we may need an interest rate cut pretty soon!

Hmm, not so sure about the interest rate cut - there's still a bit of an inflation problem!

Blame Oz Mark.

He told us back in 2008 that when he goes away the dollar falls and I see that he has booked to go away again.

Simple answer - take away his passport.

Nooooo. Don't do that. :mrgreen:

(On the plus side, some of my hotel stays were prepaid two weeks ago!)

 

[markis10]

Hmm, not so sure about the interest rate cut - there's still a bit of an inflation problem!

Hasnt stopped CBA cutting 60 points off the fixed rate this morning.

 

[oz_mark]

Hasnt stopped CBA cutting 60 points of the fixed rate this morning.

Keep an eye on the 90/180 day bank bill rates - a significant fall off in those often precedes a decrease in the cash rate.

 

[TiredOldFlyer]

Hasnt stopped CBA cutting 60 points of the fixed rate this morning.

Only for fixed terms. They are obviously predicting a fall greater than that !

 

[hummel]

As I see rates fall I smack myself in the head for locking in at 7.99%... oh well only 12 months to go.

 

[medhead]

Hasnt stopped CBA cutting 60 points off the fixed rate this morning.

Fixed rates are only the bank's prediction of future interest rate movements. We still have an inflation issue that suggests raising interest rates but everything else suggests lowering rates. Glad it's not my decision, as both answers could be considered to be wrong.

 

[opusman]

Has anyone noticed that our currency falls faster than it rises??

Up by the stairs, down by the escalator

 

[oz_mark]

Fixed rates are only the bank's prediction of future interest rate movements. We still have an inflation issue that suggests raising interest rates but everything else suggests lowering rates. Glad it's not my decision, as both answers could be considered to be wrong.

On the plus side, we may soon see some deflationary pressure as bananas fall in price :mrgreen:

 

[medhead]

On the plus side, we may soon see some deflationary pressure as bananas fall in price :mrgreen:

I'm hanging out for lower interest rates. But there were a few voices suggesting that it wasn't just bananas pushing up the latest inflation numbers.

 

[straitman]

Hasnt stopped CBA cutting 60 points off the fixed rate this morning.

.... and Westpac.

 

[drron]

With no mortgage and most of my super now in cash,I am not looking forward to lower interest rates-see we are all different.

 

[cove]

Lower interest rates can boost bank profitability so I took a shot and bought shares in the big banks this morning during the big crunch so it may have been a good or bad idea.
Now the $AUD traded between 99 and 104 and is trying to push up thru 102 tonight. It will probably recover a bit over the next few days as our interest rates are so much higher than America.
Let's be sure about this......no one knows.

 

[JohnK]

AUD in freefall again? Unbelievable how the whole world is in financial trouble and the AUD is the one in freefall.

 

[cove]

It is rising pretty quickly today so what a difference a day makes! 1.035 on USD and share futures for Aussie market up a tonne so the birds will be singing and the sky will be blue once more.

 

[drron]

It is rising pretty quickly today so what a difference a day makes! 1.035 on USD and share futures for Aussie market up a tonne so the birds will be singing and the sky will be blue once more.

Yes but last night it fell from~ 1.02 to 0.99 then went back to 1.035 by early this morning.
Heard Mr. Murray of the Future Fund this morning on Radio National saying he thinks this sort of volatility may go on for another 20 years!