where's the interest wednesday, page-10

good morning fellow xjoer's......

Two snippets of interest that I have read the last few day......

'Currently Australia has experienced the slowest rate of growth in mortgage lending since the Second World War'...

'Retail sales in Australia posted their weakest annual growth in 27 years in 2011, as consumers cut spending in favour of saving and paying down debt'......

hardly sounds like a Nation that is going gangbusters.......

so why is the AUD so high....

should the Government be 'Capping' it at say 'Even Money' to take advantage of this 'Golden era' in our currency.....

just because one of the 'Favourite Sons' suggested a free float was the best way to go....doesn't necessarily mean that it will be always the only path to cross....

or put it another way.......the RBA should be just another participant in the market place...with the advantage of having access to the printing press.....legally...:)

'How to export the country without gaining wealth'... as written by our 'Fearless leaders'

sck