why are we in a recession, page-14

  1. 618 Posts.

    seriously mate i have no idea what you are getting at.

    are you confused why our exports have slowed, and why our imports cost more?

    dont you get how it works?

    we sell china our resources, and then buy it back off them again manufactured into different products from cars to air conditioners.

    when we spend less, we export and import less. .

    when interest rates fall, and we export less, our $AU falls.

    when our $AU falls imports cost more.

    but you got to go back to the cause dont you, why did we stop spending in 2006 / 2007..?

    was your post suposed to explain that?
 
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