Aussie Dollar Dropping, page-18

Lol thank you for stating the obvious. But the Australian economy is going to take a long time to start cranking again though. Of course it has to work both ways. Australian economy is heavily reliant on the mining industry. That's the only reason Australia avoided recession after 2008. Then once that started slowing the reserve bank lowered the cash rate to try and spur investment which resulted in the property market going crazy, if you look at the charts business investment didn't pick up as much as they would have wanted. Another reason Australia didn't fall into recession was because of the property market taking charge. But the government is just trying to avoid the inevitable because they don't want to look bad. Without the mining industry this country would be cooked because of the people running the show. Need a better government. The lower aud will help the economy from mining