i agree booz ,i'm no economist but a falling AUD is good for australia and is' good inflation' and imo it doesnt require a lift in interest rates,imo the opposite rates should be reduced with counter measures. .
Australia will correct but while some seem to think all is rosy the landing could be harder if nithing is done..
ps and for those that think they have a crystal ball we are in completely new economic territory and australia has just been through a mining boom never seen before,so wait for the hangover i am expecting one tomorrow morning.no one has any idea how this will end.
ps a weak currency is due to a weak economy and now the mining boom is over we are even a weaker economy than before the mining boom,better look after the sheep.
ps but clearly we are the clever country with our housing boom eg clean green (no industry) and no foreign regulation.
the clever country.
