Australian Dollar just walked through 1.07AUD to the USD exc

[Rob]

On 23/04/2011 1:20 PM, Rod Speed wrote:

kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
Murray Daniels wrote:
Don McKenzie wrote

Australian Dollar just walked through 1.07AUD to the USD exchange rate.
http://www.xe.com/currencycharts/?from=AUD&to=USD&view=10Y

So why is petrol so expensive? (and going up?)

Because the price is going up faster than the $A
and the price of silver is going up even faster

I dont care, I never use any of that.

Used a lot in electrical and electronic devices

Not much at all in fact. And when it is, its used in such small
amounts that it has no effect on the price of the device even
when the price of silver goes up by ten times.

Have noticed recently that the prices in the US have risen and with the
AUS dollar on the rise we are not saving as much as one would imagine.

The US have to buy the product and its costing them more and they can't
keep prices at the same old rate.

 

[kreed]

On Apr 23, 1:20 pm, "Rod Speed" <rod.speed....@gmail.com> wrote:

kreed wrote

Rod Speed <rod.speed....@gmail.com> wrote
kreed wrote
Rod Speed <rod.speed....@gmail.com> wrote
Murray Daniels wrote:
Don McKenzie wrote
Australian Dollar just walked through 1.07AUD to the USD exchange rate.
http://www.xe.com/currencycharts/?from=AUD&to=USD&view=10Y
So why is petrol so expensive? (and going up?)
Because the price is going up faster than the $A
and the price of silver is going up even faster
I dont care, I never use any of that.
Used a lot in electrical and electronic devices

Not much at all in fact. And when it is, its used in such small
amounts that it has no effect on the price of the device even
when the price of silver goes up by ten times.

That is very true thankfully for the end consumer.

 

[Rod Speed]

Rob wrote

Rod Speed wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
Murray Daniels wrote:
Don McKenzie wrote

Australian Dollar just walked through 1.07AUD to the USD exchange rate.
http://www.xe.com/currencycharts/?from=AUD&to=USD&view=10Y

So why is petrol so expensive? (and going up?)

Because the price is going up faster than the $A and the price of silver is going up even faster

I dont care, I never use any of that.

Used a lot in electrical and electronic devices

Not much at all in fact. And when it is, its used in such small
amounts that it has no effect on the price of the device even
when the price of silver goes up by ten times.

Have noticed recently that the prices in the US have risen

Not by that much with electronic stuff.

and with the AUS dollar on the rise we are not saving as much as one would imagine.

Depends on what you want to buy.

The US have to buy the product and its costing them more

Thats very arguable when the yuan is losely locked to the USD.

and they can't keep prices at the same old rate.

Thats very arguable with electronic stuff.

 

[kreed]

On Apr 23, 8:02 pm, "Rod Speed" <rod.speed....@gmail.com> wrote:

Rob wrote



Rod Speed wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com>  wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com>  wrote
Murray Daniels wrote:
Don McKenzie wrote
Australian Dollar just walked through 1.07AUD to the USD exchange rate.
http://www.xe.com/currencycharts/?from=AUD&to=USD&view=10Y
So why is petrol so expensive? (and going up?)
Because the price is going up faster than the $A and the price of silver is going up even faster
I dont care, I never use any of that.
Used a lot in electrical and electronic devices
Not much at all in fact. And when it is, its used in such small
amounts that it has no effect on the price of the device even
when the price of silver goes up by ten times.
Have noticed recently that the prices in the US have risen

Not by that much with electronic stuff.

and with the AUS dollar on the rise we are not saving as much as one would imagine.

Depends on what you want to buy.

The US have to buy the product and its costing them more

Thats very arguable when the yuan is losely locked to the USD.

and they can't keep prices at the same old rate.

Thats very arguable with electronic stuff.

Electronic stuff typically gets cheaper and/or more powerful over
time.
Computers, at an incredible rate.

 

[Rod Speed]

kreed wrote

Rod Speed <rod.speed....@gmail.com> wrote
Rob wrote
Rod Speed wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
Murray Daniels wrote:
Don McKenzie wrote

Australian Dollar just walked through 1.07AUD to the USD exchange rate.
http://www.xe.com/currencycharts/?from=AUD&to=USD&view=10Y

So why is petrol so expensive? (and going up?)

Because the price is going up faster than the $A and the price
of silver is going up even faster

I dont care, I never use any of that.

Used a lot in electrical and electronic devices

Not much at all in fact. And when it is, its used in such small
amounts that it has no effect on the price of the device even
when the price of silver goes up by ten times.

Have noticed recently that the prices in the US have risen

Not by that much with electronic stuff.

and with the AUS dollar on the rise we are not saving as much as one would imagine.

Depends on what you want to buy.

The US have to buy the product and its costing them more

Thats very arguable when the yuan is losely locked to the USD.

and they can't keep prices at the same old rate.

Thats very arguable with electronic stuff.

Electronic stuff typically gets cheaper and/or more powerful over time.

And it aint just electronics stuff now that very little of the cheap stuff is made in the US anymore.

Computers, at an incredible rate.

Its not that incredible.

 

[terryc]

Rod Speed wrote:

That aint borrowed in australian dollars.

Then they would be exceedingly foolish not to and so would the bank/fund
loaning the money.

 

[terryc]

Clifford Heath wrote:

I invented the technology of Australia's first .com.au domain holder,
while I was working at HP. When HP ditched it in 1990, we bought it and
the resulting company was profitable every year for the following ten.

what was that phrase you used? Oh, survile(?) employee.

That tech was used by Tandem to build the NASDAQ trading system, for
example. But it's not about me. It's about what all ordinary Aussies
can do, if they get out of their servile ruts.
And have the opportunity, but with your attitude, you would fail to

understand why companies very much depend on employees who do what the
company wants.

 

[Geoff C]

On Apr 21, 5:39 pm, Clifford Heath <n...@spam.please.net> wrote:

On 04/21/11 13:40, Geoff wrote:

I would imagine it would be a nightmare trying to manufacture in
Australia, import components, and then sell locally and globally, at
this massively forever changing exchange rate. Where is it going next?
For us, as exporters it is simple. The jobs leave the shores, never to
return as they are simply too hi-tech to easily bring back. We keep putting
more on in our Asian plant and retrenching locals.

What have you personally done about that? Ever started your own
business? Or have you always expected to be an employee, leaving
the hard yards of starting thing to others? (Like most Australians...)
If you want jobs here, you have to start businesses that are globally
competitive, there's no sense in whinging that others haven't done it
for you.

That's the beef I have with the "Buy Australian" campaign. All very
well and good, but where is our "Sell Australian" campaign? Our
dollar will only climb as high as the value we offer to the world.

Clifford Heath.

What have I done? Worked my arse off to ahieve continued market
success and increase margins. The company will survive in Australia
with the technology remaining here. I could just take the easy way out
and leave as you suggest, or we could keep afloat with hard work.
Whatever we do, we can't influence the forex.

 

[Rob]

On 24/04/2011 5:23 AM, Rod Speed wrote:

kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
Rob wrote
Rod Speed wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
Murray Daniels wrote:
Don McKenzie wrote

Australian Dollar just walked through 1.07AUD to the USD exchange rate.
http://www.xe.com/currencycharts/?from=AUD&to=USD&view=10Y

So why is petrol so expensive? (and going up?)

Because the price is going up faster than the $A and the price
of silver is going up even faster

I dont care, I never use any of that.

Used a lot in electrical and electronic devices

Not much at all in fact. And when it is, its used in such small
amounts that it has no effect on the price of the device even
when the price of silver goes up by ten times.

Have noticed recently that the prices in the US have risen

Not by that much with electronic stuff.

and with the AUS dollar on the rise we are not saving as much as one would imagine.

Depends on what you want to buy.

The US have to buy the product and its costing them more

Thats very arguable when the yuan is losely locked to the USD.

and they can't keep prices at the same old rate.

Thats very arguable with electronic stuff.

Electronic stuff typically gets cheaper and/or more powerful over time.

And it aint just electronics stuff now that very little of the cheap stuff is made in the US anymore.

Computers, at an incredible rate.

Its not that incredible.

Computers and bits, in the US, are more expensive than Australia.

 

[kreed]

On Apr 22, 10:39 am, "Rod Speed" <rod.speed....@gmail.com> wrote:

terryc wrote

Rod Speed wrote
What someone like you does is completely irrelevant.
Bullshit.
Fact.
What everyone in Australia does is relevant.
Utterly mindless silly stuff. That aint what drives the currency
conversion rate with the USD.
Actually, it is very close,

Pigs arse it is.

The real reason for that historic high is the demise of the USD,
nothing to do with what everyone in this country does.

That is very true.

Currencies don't float - they just sink at different rates.

but individual people are probably a small part of the total force.

'the total force' is irrelevant to the conversion rate.

Basically, people with $US see they can get higher interest investing in Australia than they can at home in the USA,
plud Australia currently has a very stable currency compared to the rest of the world, so it is a no brainer that they
send there money here for the higher interest.

That aint the reason for the historic high either and that higher interest
rate has been true for years now, we have only just recently seen the
currency conversion rate peak. Have fun explaining that.

Loaning it out for say an Aussie home loan at $200K-400K is nothing to the billions loaned out to buy large capital
investment like mine vehicles and development.

That aint borrowed in australian dollars.

 

[Rod Speed]

kreed wrote

Rod Speed <rod.speed....@gmail.com> wrote
terryc wrote
Rod Speed wrote

What someone like you does is completely irrelevant.

Bullshit.

Fact.

What everyone in Australia does is relevant.

Utterly mindless silly stuff. That aint what drives the currency conversion rate with the USD.

Actually, it is very close,

Pigs arse it is.

The real reason for that historic high is the demise of the USD,
nothing to do with what everyone in this country does.

That is very true.

Currencies don't float - they just sink at different rates.

Some do, and china's would if they let it in spades.

They dont let it because that would damage their exports severely.

Japan did the same thing until the Plaza agreement.

but individual people are probably a small part of the total force.

'the total force' is irrelevant to the conversion rate.

Basically, people with $US see they can get higher interest
investing in Australia than they can at home in the USA, plud
Australia currently has a very stable currency compared to
the rest of the world, so it is a no brainer that they send
there money here for the higher interest.

That aint the reason for the historic high either and that higher interest
rate has been true for years now, we have only just recently seen the
currency conversion rate peak. Have fun explaining that.

Loaning it out for say an Aussie home loan at $200K-400K is nothing
to the billions loaned out to buy large capital investment like
mine vehicles and development.

That aint borrowed in australian dollars.

 

[Rod Speed]

terryc wrote

Rod Speed wrote
terryc wrote
Rod Speed wrote

What someone like you does is completely irrelevant.

Bullshit.

Fact.

What everyone in Australia does is relevant.

Utterly mindless silly stuff. That aint what drives the currency
conversion rate with the USD.

Actually, it is very close,

Pigs arse it is.

The real reason for that historic high is the demise of the USD,
nothing to do with what everyone in this country does.

but individual people are probably a small part of the total force.

'the total force' is irrelevant to the conversion rate.

Basically, people with $US see they can get higher interest investing in Australia than they can at home in the USA,
plud Australia currently has a very stable currency compared to the rest of the world, so it is a no brainer that
they send there money here for the higher interest.

That aint the reason for the historic high either and that higher interest
rate has been true for years now, we have only just recently seen the
currency conversion rate peak. Have fun explaining that.

Loaning it out for say an Aussie home loan at $200K-400K is nothing to the billions loaned out to buy large capital
investment like mine vehicles and development.

That aint borrowed in australian dollars.

Then they would be exceedingly foolish not to

Thats just plain wrong. The interest paid on foreign money is MUCH less than on local money.

and so would the bank/fund loaning the money.

Thanks for that completely superfluous proof that you dont have a fucking clue about that.

 

[Rod Speed]

Rob wrote

Rod Speed wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
Rob wrote
Rod Speed wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
kreed wrote
Rod Speed<rod.speed....@gmail.com> wrote
Murray Daniels wrote:
Don McKenzie wrote

Australian Dollar just walked through 1.07AUD to the USD exchange rate.
http://www.xe.com/currencycharts/?from=AUD&to=USD&view=10Y

So why is petrol so expensive? (and going up?)

Because the price is going up faster than the $A and the price of silver is going up even faster

I dont care, I never use any of that.

Used a lot in electrical and electronic devices

Not much at all in fact. And when it is, its used in such small
amounts that it has no effect on the price of the device even
when the price of silver goes up by ten times.

Have noticed recently that the prices in the US have risen

Not by that much with electronic stuff.

and with the AUS dollar on the rise we are not saving as much as one would imagine.

Depends on what you want to buy.

The US have to buy the product and its costing them more

Thats very arguable when the yuan is losely locked to the USD.

and they can't keep prices at the same old rate.

Thats very arguable with electronic stuff.

Electronic stuff typically gets cheaper and/or more powerful over time.

And it aint just electronics stuff now that very little of the cheap
stuff is made in the US anymore.

Computers, at an incredible rate.

Its not that incredible.

Computers and bits, in the US, are more expensive than Australia.

Thats just plain wrong. The kindle isnt, and neither is the ipad.

 

[Rod Speed]

kreed wrote

Rod Speed <rod.speed....@gmail.com> wrote
terryc wrote
Rod Speed wrote
terryc wrote
Rod Speed wrote

What someone like you does is completely irrelevant.

Bullshit.

Fact.

What everyone in Australia does is relevant.

Utterly mindless silly stuff. That aint what drives the currency
conversion rate with the USD.

Actually, it is very close,

Pigs arse it is.

The real reason for that historic high is the demise of the USD,
nothing to do with what everyone in this country does.

but individual people are probably a small part of the total force.

'the total force' is irrelevant to the conversion rate.

Basically, people with $US see they can get higher interest
investing in Australia than they can at home in the USA, plud
Australia currently has a very stable currency compared to the
rest of the world, so it is a no brainer that they send there
money here for the higher interest.

That aint the reason for the historic high either and that higher
interest rate has been true for years now, we have only just
recently seen the currency conversion rate peak. Have fun
explaining that.

Loaning it out for say an Aussie home loan at $200K-400K is
nothing to the billions loaned out to buy large capital
investment like mine vehicles and development.

That aint borrowed in australian dollars.

Then they would be exceedingly foolish not to

Thats just plain wrong. The interest paid on foreign money is MUCH
less than on local money.

and so would the bank/fund loaning the money.

Thanks for that completely superfluous proof that you dont have a
fucking clue about that.

Rod is right. My bank manager some years back told me that much of the
credit boom here was due to and funded by the US loaning us money at
fuck all interest.

And the Japs in spades. The technical term for that is the Japan carry trade.

Hardly surprising given that the Japanese interest rate is quite literally zero.

And they have immense savings levels too.

 

[kreed]

On Apr 24, 2:52 pm, "Rod Speed" <rod.speed....@gmail.com> wrote:

terryc wrote



Rod Speed wrote
terryc wrote
Rod Speed wrote
What someone like you does is completely irrelevant.
Bullshit.
Fact.
What everyone in Australia does is relevant.
Utterly mindless silly stuff. That aint what drives the currency
conversion rate with the USD.
Actually, it is very close,
Pigs arse it is.
The real reason for that historic high is the demise of the USD,
nothing to do with what everyone in this country does.
but individual people are probably a small part of the total force.
'the total force' is irrelevant to the conversion rate.
Basically, people with $US see they can get higher interest investing in Australia than they can at home in the USA,
plud Australia currently has a very stable currency compared to the rest of the world, so it is a no brainer that
they send there money here for the higher interest.
That aint the reason for the historic high either and that higher interest
rate has been true for years now, we have only just recently seen the
currency conversion rate peak. Have fun explaining that.
Loaning it out for say an Aussie home loan at $200K-400K is nothing to the billions loaned out to buy large capital
investment like mine vehicles and development.
That aint borrowed in australian dollars.
Then they would be exceedingly foolish not to

Thats just plain wrong. The interest paid on foreign money is MUCH less than on local money.

and so would the bank/fund loaning the money.

Thanks for that completely superfluous proof that you dont have a fucking clue about that.

Rod is right. My bank manager some years back told me that much of the
credit boom here was due to and funded by the US loaning us money at
fuck all interest.

 

[kreed]

On Apr 24, 8:43 pm, "Rod Speed" <rod.speed....@gmail.com> wrote:

kreed wrote



Rod Speed <rod.speed....@gmail.com> wrote
terryc wrote
Rod Speed wrote
terryc wrote
Rod Speed wrote
What someone like you does is completely irrelevant.
Bullshit.
Fact.
What everyone in Australia does is relevant.
Utterly mindless silly stuff. That aint what drives the currency
conversion rate with the USD.
Actually, it is very close,
Pigs arse it is.
The real reason for that historic high is the demise of the USD,
nothing to do with what everyone in this country does.
but individual people are probably a small part of the total force.
'the total force' is irrelevant to the conversion rate.
Basically, people with $US see they can get higher interest
investing in Australia than they can at home in the USA, plud
Australia currently has a very stable currency compared to the
rest of the world, so it is a no brainer that they send there
money here for the higher interest.
That aint the reason for the historic high either and that higher
interest rate has been true for years now, we have only just
recently seen the currency conversion rate peak. Have fun
explaining that.
Loaning it out for say an Aussie home loan at $200K-400K is
nothing to the billions loaned out to buy large capital
investment like mine vehicles and development.
That aint borrowed in australian dollars.
Then they would be exceedingly foolish not to
Thats just plain wrong. The interest paid on foreign money is MUCH
less than on local money.
and so would the bank/fund loaning the money.
Thanks for that completely superfluous proof that you dont have a
fucking clue about that.
Rod is right. My bank manager some years back told me that much of the
credit boom here was due to and funded by the US loaning us money at
fuck all interest.

And the Japs in spades. The technical term for that is the Japan carry trade.

Hardly surprising given that the Japanese interest rate is quite literally zero.

And they have immense savings levels too.

That is also true.

 

[terryc]

Rod Speed wrote:

Thats just plain wrong. The interest paid on foreign money is MUCH less than on local money.

At the moment, which you should know.

and so would the bank/fund loaning the money.

Thanks for that completely superfluous proof that you dont have a fucking clue about that.

Oh, i'll bow to the master of that.

 

[Rod Speed]

terryc wrote

Rod Speed wrote
terryc wrote
Rod Speed wrote
terryc wrote
Rod Speed wrote

What someone like you does is completely irrelevant.

Bullshit.

Fact.

What everyone in Australia does is relevant.

Utterly mindless silly stuff. That aint what drives the currency
conversion rate with the USD.

Actually, it is very close,

Pigs arse it is.

The real reason for that historic high is the demise of the USD,
nothing to do with what everyone in this country does.

but individual people are probably a small part of the total force.

'the total force' is irrelevant to the conversion rate.

Basically, people with $US see they can get higher interest investing in Australia than they can at home in the
USA, plud Australia currently has a very stable currency compared to the rest of the world, so it is a no brainer
that they send there money here for the higher interest.

That aint the reason for the historic high either and that higher interest
rate has been true for years now, we have only just recently seen the
currency conversion rate peak. Have fun explaining that.

Loaning it out for say an Aussie home loan at $200K-400K is nothing to the billions loaned out to buy large
capital investment like mine vehicles and development.

That aint borrowed in australian dollars.

Then they would be exceedingly foolish not to

Thats just plain wrong. The interest paid on foreign money is MUCH less than on local money.

At the moment,

That will be true for the forseeable future, and certainly for
as long as they will be borrowing that money, essentially
because the interest rates in the US and Japan are MUCH
lower than ours because that the only tool they have to
have any hope of doing anything about their unemployment
rates that are TWICE what ours are, TEN times what ours
are in our tightest employment markets.

which you should know.

Which you dont have a fucking clue about.

and so would the bank/fund loaning the money.

Thanks for that completely superfluous proof that you dont have a fucking clue about that.

Oh, i'll bow to the master of that.

You never ever could bullshit your way out of a wet paper bag.

No surprise that you are completely unemployable.

 

[terryc]

Rod Speed wrote:

That will be true for the forseeable future, and certainly for
as long as they will be borrowing that money, essentially
because the interest rates in the US and Japan are MUCH
lower than ours because that the only tool they have to
have any hope of doing anything about their unemployment
rates that are TWICE what ours are, TEN times what ours
are in our tightest employment markets.

Echo, echo, echo, echo. heard that so many times during my lfetime.

 

[Clocky]

atec77 wrote:

On 22/04/2011 1:18 PM, kreed wrote:
On Apr 22, 12:29 pm, "Murray Daniels"<mdani...@nomail.com> wrote:
So why is petrol so expensive? (and going up?)

"atec77"<ate...@hotmail.com> wrote in message

news:ioo5oc$86p$8@dont-email.me...

On 21/04/2011 10:16 AM, Don McKenzie wrote:

Australian Dollar just walked through 1.07AUD to the USD exchange
rate.

http://www.xe.com/currencycharts/?from=AUD&to=USD&view=10Y
......

It is more of a case of "it would be much more expensive otherwise"
Admittedly local price gouging plays a part in it. Yesterday saw
petrol at $154.9
Gouging is correct , pump price in the middle east atm is under 4c a
litre I hear

You heard that years ago... it's gone up to 7c now!