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' if that's the case, more people might choose to holiday here...

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dan1

18,512 Posts.

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02/08/19

08:38

Post #: 39823756
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Originally posted by acorn: ↑

Hi Piste.

I get all that . However, we should always to strive to become more than just a mine and a farm for the rest of the world. A low dollar is good but it is all about balance. We import shiploads of stuff. Everything we drive. Most of our fuel and so on. Industrial machinery etc which we also pay for in US dollars.

Just because one part of the economy might be having a win doesn't mean it's that great for the rest of the country.

If we are dropping interest rates at these levels, it's not a good sign.

I laugh out loud when people use the overseas travelling reference with regard to the A dollar. Travelling overseas, as great as it is, is a discretionary luxury for the most part. Ironically , if that's the case, more people might choose to holiday here rather than export their money.

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' if that's the case, more people might choose to holiday here rather than export their money. '

My bet would be that its still cheaper to go overseas - Oz tourism has priced itself to the point of stupidity
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