Re: What about Australia?
Hey dude,
Well, if you take George Green's word, the whole nothern hemisphere is going to be engulfed in nuclear fallout. So that one scary concept that we're theoretically immune from...
I would say that the Australian economy is sound, to the extent that WA is full of primary resources that China needs and wants. Our interest rates are higher, so foreign central banks have more incentive to hold our currency, despite the 16ish cent drop compared to the US dollar in like 2 months, which I am quite certain is part work of the PPT, part work of hedge fund speculators, part work of foreign central banks buying more US treasury bills. But who know how the markets really work. To be honest, I don't know who 'owns' the RBA. It's a central bank seperate from govt and not a national bank, but chartered to look manage the economy fiscally. But I don't know if it issues notes as 'debt' as the Fed does.
A food crisis would touch us here as it would anywhere.
A global Inflation crisis of FIAT currencies would touch us here as it would anywhere, we're already running 5 percent in a slowing economy with interest rates looking to fall.
A bird flu epidemic could hit us here as it could anywhere - they've supposedly got it in Indonesia and you know how close we are to them. Our cities are quite far apart though, which may minimise quarantine.
And if s*** went down here, there would be so many nice people and families to help that there would be a lot of community support in the wake of a disaster.
Just some thoughts...
Last edited by QtesUKStoke; 09-13-2008 at 01:14 PM.
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