Aussie dollar hits parity with Greenback

[1965]

US debt visualisation

http://usdebt.kleptocracy.us/

Seriously scary.

 

[tiger101]

It's ironic how the US lost their triple A rating but people are jumping to there dollar for safety.

[Penelope]

i thought people were buying gold for safety

[Francois Jackson]

yep dollar now below parity.

Prediction is now for a rate cut. Last week it was a rise. Week before that was a cut

crazy times ahead

Not wrong

Sharemarket looked bleak this morning but has bounced back this arvo to finish in the black today

Our economy is strong compared to others and we have investors panicking

yep

Its times like this when the cashed up smart investors pounce. They love a nervous market

The truth is its anyones guess as to whats going to happen next. Will Italy, Spain follow suit to cause GFC mark 2, is the real question.

Europe is stuffed, USA are stuffed and we are hanging on by a very thin thread cause of China.

[tiger101]

US debt visualisation

http://usdebt.kleptocracy.us/

Seriously scary.

 

It's truly astounding how they just keep borrowing/spending and never raised taxes. Do they honestly think there debt will never catch up to them or have to be paid at some point.

[1965]

US debt visualisation

http://usdebt.kleptocracy.us/

Seriously scary.

 

It's truly astounding how they just keep borrowing/spending and never raised taxes. Do they honestly think there debt will never catch up to them or have to be paid at some point.

Obama has already killed the Space Shuttle, expect a serious Miltary cut-back next.

Afganistan and Iraq alone have cost them close to 900 billion dollars.

The US has plenty of money just needs to stop invading other peoples countries.

 

[Penelope]

US debt visualisation

http://usdebt.kleptocracy.us/

Seriously scary.

 

It's truly astounding how they just keep borrowing/spending and never raised taxes. Do they honestly think there debt will never catch up to them or have to be paid at some point.

The GOP, and in particular the tea party faction refuse to allow the current administration to raise taxes. That and and the fact that they do not want obama to remove the tax cuts for the rich that bush introduced was a major sticking point in the negotiations to raise the US debt ceiling.

A couple of weeks ago i saw a senator on TV say that he wanted to do what is best for the country but did not want to do anything that would help obama get re-elected.

talk about skin off you nose to spit your face.

[1965]

US debt visualisation

http://usdebt.kleptocracy.us/

Seriously scary.

 

It's truly astounding how they just keep borrowing/spending and never raised taxes. Do they honestly think there debt will never catch up to them or have to be paid at some point.

The GOP, and in particular the tea party faction refuse to allow the current administration to raise taxes. That and and the fact that they do not want obama to remove the tax cuts for the rich that bush introduced was a major sticking point in the negotiations to raise the US debt ceiling.

A couple of weeks ago i saw a senator on TV say that he wanted to do what is best for the country but did not want to do anything that would help obama get re-elected.

talk about skin off you nose to spit your face.

Just like Tonty Rabbitt and his goons.

The only thing they are concerned about is bringing down the government stuff the consequences

[tiger101]

US debt visualisation

http://usdebt.kleptocracy.us/

Seriously scary.

 

It's truly astounding how they just keep borrowing/spending and never raised taxes. Do they honestly think there debt will never catch up to them or have to be paid at some point.

Obama has already killed the Space Shuttle, expect a serious Miltary cut-back next.

Iran and Iraq alone have cost them close to 900 billion dollars.

The US has plenty of money just needs to stop invading other peoples countries.

 

Did I miss something when did America invade Iran? I think you might mean Afghanistan.
The space shuttle has achieved what it was set out to. Now like after Apollo there is a break from space travel while they fund the new Orion capsules to go further into space.

[1965]

Did I miss something when did America invade Iran? I think you might mean Afghanistan.
The space shuttle has achieved what it was set out to. Now like after Apollo there is a break from space travel while they fund the new Orion capsules to go further into space.

Quite right, it was meant to be a reusable system of space flight which it was but...

Trouble is(was?) each shuttle cost 1.7 billion dollars to make and each mission cost (on average) 1.3 billion dollars (that's per flight).

 

[tiger101]

Some are predicting our Dollar to go back under parity within days.
Currently at 1.0222

[mightytiges]

Some are predicting our Dollar to go back under parity within days.
Currently at 1.0222

Not a bad thing if it does. For our manufacturing and tourism industries our dollar is currently 25 US cents too high.

[one-eyed]

The Aussie dollar has dipped below parity today to 99.96 US cents.

The ASX has also dipped below 4000 points.

http://www.abc.net.au/news/2011-09-22/markets-slump-on-us-fed-action/2911420

[Sabretooth]

The lemmings are on the track..............

[one-eyed]

The Aussie dollar has fallen to 94.8 US cents.