The high dollar is hurting im sure .Have not heard of the reserve selling any? They did buy i think when it got low sixties.People are paying down debt good or bad it has an effect on the economy.
I often wonder about the banks as the increase in profit is always with the cry of high cost of raising money.Sure they want keep growing but at what cost to the rest of the economy.They dont seem to absorb the cost of rising prices like so many other bussineses do .Thier costs are so fixed to just paper money now .Or not even paper but electric transactions with what seems little value to back it with but ever increasing fees.They offset the cost of staffing with overseas people but dont seem to want the social responsibility of circulating the money around with their own costs.
Well for some the high dollar is good for paying down debt i guess .Its a thirty percent gain from seventy cents and well you would think a thirty percent loss to the aussie economy depending on the fence you sit and the flow of money from international transactions.
