tuesday sell off?, page-37

"I hope the RBA know what they're doing as it appears they're shooting first and ask question later. Our market has been lagging because of high $A and this X'mas is not going to be good for the retailers and of course the exporters profit will be less."

Completely agree JD but we both know economists are usually either late or just plain wrong. I suspect late in this case as imho the Australian economy is a lot more fragile than the numbers make out.

What happens when the Yanks (for whatever reason) stop buying chinese goods and china doesn't want our resources? The resources boom wont continue for ever and neither will the upward march of real estate prices. They are the two major contributors to wealth in our country over the past decade. Other major industries like agriculture, tourism and manufacturing (which has been shrinking for decades) aren't enough to keep us going. We wont have anything to sell. Our labour costs are too high, and so is our standard of living. Something will give eventually..... and all we will have to sell is our holes in the ground and our farm land....Oh hang on... we are already selling those.