Let the Good Times Roll!

[Zevico]

What is it with you people and the Australian dollar? What's so good about it?

[MRT144]

What is it with you people and the Australian dollar? What's so good about it?

If you move your money into relatively risk free investments in Australia you'll earn not only fixed income returns but also currency appreciation returns.

[MRT144]

IMHO, gold's about topped out. It's a refuge in the time of crisis, and the crisis mentality is fading.

The U.S. dollar is not the place to be, not with the trade deficit.

Best bets are prob'ly the Austalian dollar, the Euro and/or the Chinese yuan [which China has been keeping artificially low to encourage exports].

Gold is absolutely a refuge for when a currency goes to ****.

[Zkribbler]

What is it with you people and the Australian dollar? What's so good about it?

Australia sells lots of raw materials to China, giving it a positive trade balance. Sooner or later, a positive trade balance will lead, as MRT114 says, to anincrease in the value of their currency.

It also has a well run economy, as demonstrated by it was one of the few countries in the industrialized world to avoid going into recession.

[Patroklos]

Thanks to Papa Government.

You are not privy to what the investments are

[Japher]

BAC going to pull the whole market down today... YAAY!

[Kidlicious]

And the stock market is a leading indicator.

If you think the economy is going to expand everytime the market goes up and contract everytime it goes down your wrong. Sorry.

[KrazyHorse]

What is it with you people and the Australian dollar? What's so good about it?

Linked to gold, gold is up.

Reason that commodity prices drive so much of AUD's volatility despite only making up a small fraction of exports is that the volatility of commodities is far higher than the volatility of other goods and services. Cost of labour inputs changes very little compared to cost of commodities due, in part, to stickiness of wages, slow pace of hiring/firing etc. Same story with CAD and oil. Oil is a fairly small part of Canada's economy, but it accounts for most of the volatility of the CAD relative to non-commodity currencies.

[Japher]

Wells Fargo values BAC at $29.10, or 80% current price. If it hits that I'm selling and paying down my house.

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