marketgenius,
"15 years investing and never been hit that hard."
Cheer up. AUD is overvalued too much. Aus worker's income is far beyond Amercian. Fair value no more than USD 65c IMV.
I wish you can recover your loss when AUD return to fair value.
Reserve bank is just rubbish, China printing 10 times of cash in last 10 years...USA printing......just wait until these countries buy out whole AUS using their newly inked cash?
AUS neraly did nothing to boost the economy in last 30 years! Looking around, you will find what you see exactly what 20 year before was....
I have been in Sydney for more than 10 years....the only difference I noticed is few more shopping centers. and higer and higher AUD!
How many people lose job and how many mines been closed?
well done reserve bank!
marketgenius, "15 years investing and never been hit that hard."...
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