Lenroc i agree most will be very surprised just how low it will go. I think we may be head south for the next week and than bear rally into the new year. Can the news possibly be any worse between now and than? I prefer next year as the real bang, which U have intimated so subtlety. So we are in agreement. The new year will realise lower company earnings (way too optimistic) and mass capital project cancellations world wide. Than we start heading to the real low. IMO.
Who gave the RBA the right to destroy our currency and unleash the coming inflation armageddon? Madness!!! Perhaps this demonstrates the real failure in democracy? The real hard decisions are abandoned in favor of populace rubbish that will just make thing worse. Than there's that fool Wayne Swan! OMG!
I am happy to proclaim myself as an benevolent dictator, who will restore a commodity based currency.
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