The above is a partial quote from the AUSTRALIAN of 16/11/09. I have been concerned about the US economy for some considerable time and have been writing blogs musing on the likely fall out. So far I have concentrated on the direct impact on Australia, i.e. AUD up, gold up, interest rates up, unemployment up [...]
I don’t think the RBA has taken enough consideration of the international implications of this rate rise.
We are a trillion US dollar economy compared with the US 14 trillion USD economy and the USD 60 trillion world economy. Our country is only a speck internationally, traditionally only 2% of turnover for global giants like Nestle, [...]
On Saturday 26th September our local area property market achieved an auction clearance rate of 100%. A great result, even better when compared with the Sydneywide HomePrice Guide figure of 67%.
The properties auctioned in our local area were diverse. From the first auction at 9:30am that Beach & Bay Realty auctioned – a 1 bedroom [...]
China holds over 2 trillion US$ in foreign reserves of which about 700billion US$ is invested in US$ Treasury Notes, which earn interest but are losing value with the falling US$. China also holds over 1000 tonnes of gold which costs money to store but at least is going up in value to over USD [...]
