guess who?, page-48

A few points (again!) then....

Brickwalls I am not talking about hedging. I'm talking about avoiding it.

Here is an example of what shutting down debate looks like:

" this is a non-issue at this point of time.

Contracts are what is required right now! "

Again:

I am talking about being ahead of the curve.
Once a contract is signed it's too late.
A contract stays in place for a long time.

OK.

Was trying to have a discussion and I don't have all the solutions by a long shot. This is the essence of a discussion...it's not like I have all the answers. I am raising what I think is a valid concern to see what others think.

Some of us might want to revisit the issue later. People seem to think there is no urgency. I think they could be wrong.

Tim Colebatch seems to think it is an issue, see today's Age:
http://www.theage.com.au/business/australian-dollar-dearest-of-top-economies-20121022-281jh.html

"AUSTRALIA has the third most expensive currency in the world, and the most expensive of the world's 20 largest economies, International Monetary Fund estimates reveal."

You think this is going to change? What are your thoughts on this? I am not keen on being paid in US pesos.

Currency is a very difficult and complex issue. IMO a few offhand comments about Romney and the Chinese delaying their election is not what I had in mind. Perhaps I should have started a new thread...

Should we spend this waiting time not thinking about difficult topics, and focus entirely on technical issues?

I thought this was a discussion forum. (sorry to take you out of your comfort zone. I thought it would be a good idea to provoke discussion but instead I think I'm losing my mind...time for a HC break perhaps...).

But to continue with what I think is a fair exchange:

You aren't interested?

- Ignore me then please.

You think I should have all the answers?

- you don't understand what I was after, and I hope that I've clarified that.

I don't think the US is in a rosy situation at all.
They are being bolstered by a flight of capital from the EU which is in worse shape.
The references to China and the US elections in responses have been very brief and ignore the overall long term trends. To repeat, these LT trends include the QE rounds which will continue indefinitely (flogging will continue until morale improves!) and the fiscal cliff in early 2013.

How currencies interact in the future is a very complex issue. This is a VERY difficult investing environment and world scenario. I don't think it is productive to pretend otherwise and because it is difficult, is that a reason to not think about it? Few thought the GFC would happen either, and it not only happened, it continues to unravel.

Simply put I'm not keen on being tied to the USD because LT it is heading down and contracts last a long time. A signed contract precedes an announcement and I want to have a discussion about currency specified in the contracts. The solution is far from simple however.

I might take some time out from this particular forum as I don't seem to be getting anywhere and repeating myself is very annoying, even to me.

Hopefully however at least some of you might take this issue up and think about it a bit, which is the lesser of what I was after.

DV