banking discussions , page-5

It seems that everyone is making the assumption that high aus $ compared to US means that Aus $ is strong... have a look at it compared to the euro... what does that tell you? The aussie dollar isn't strong, the US $ is weak!

So we will be hurting (less competetive) when the contracts are in the US but other regions will be less effected. The main work in the US seems to have dried up anyway so it's probably less of an issue than many think.

Here's a suggestion. CL could cut his salary by around $400,000 and it would make a 50% impovement over last years profit! food for thought...

Tony.