There are a few reasons I can think of. The banks want it low so that they can buy it and profit when it reverts to that mean of USD0.85. The MFGers in AU want it low so that they can export their produce, however having it low also makes raw ...

Australia business confidence, conditions, struggle

He says, "It’s no secret that back in early 2014, I made the prediction that the spot price of iron ore would breach below $20 per metric ton before the end of 2017. At the time, it was trading above $120 per mt. It’s currently trading at below $58 ...

Australia’s Bad Bet on China

If these govt. thugs could put as much effort in hunting down and jailing the gangster cabal which cause the GFC instead of small guys like this, then maybe I would believe in the paradigm the govt. Slave-masters have set out for us, but they don't. ...

Rogue trader lived in the suburbs because faster internet there gave him split-second...

I tend to agree with this. All this mess was/is the result of EU politicians and banksters. The Eurocrat-bankster policies have reduced the Greek GDP by over 25% thus destroying it. They are unelected incompetents of the highest calibre. Heck, they ...

Greece's finance minister channels FDR: 'I welcome their hatred'

Yeah, I know, you always vote for the govt. which promises the least. All govts. in the west need the CTR-ALT-DEL - reset and restart.

Varoufakis says Greek position in negotiations is strategic, not tactical

People who think like this - "The long-term average since the AUD was floated in the early 1980s is around $US0.85. So, let's hope for some "mean reversion" – the tendency for an asset (or currency) to return closer to the average over time." From ...

Australia business confidence, conditions, struggle

"It does seem intuitively uncomfortable to be lending money to the German government for a decade in return for less than one-tenth of one percent (and indeed to be paying for the privilege of lending for any time period shorter than nine years). So ...

Bill Gross's 'Short of a Lifetime' Would Mean Armageddon

Yeah, a town of 5,000 out in the middle of absolutely nowhere, ominously named. Houses there should fetch $50,000 tops, not the ridiculous prices they were asking for. Property investors were scammed. The article says, “We had a massive boom in 2011 ...

Mine Bust Halves Home Prices in Australia Outback as Jobs Vanish

The bloke is a dud. We've had a major currency collapse in the short time the present govt. and he have been in charge. AUDUSD has depreciated from 1.1000 to 0.7700. Foreign interests are buying us on the cheap thanks to these policies and no I ...

Morning View: RBA’s Stevens in New York. What was Said?

If they are not then that would make Americans, British and Australians like myself mass murdering psychopaths, but I am clearly not and I loathe the destruction caused by the governments of only these 3 countries - the Coalition of the Willing. ...

Athens is draining money from local governments as it desperately tries to avoid a default

Their neighbours are 2nd world communist nations. It's silly to compare them to Greece. Albania is a major conduit of drugs into Europe. That's why Serbia was set up to be bombed at the expense of Albania. Greece should default and also exit the EU. ...

ECB examines possibility of Greek IOU currency in case of default - sources

Greece and other EU nations like Ireland, Spain, Italy and Portugal have only suffered since they joined this so called "community". The have been "economically hit" as in assassinated by the controllers of the EU - Germany and France and their ...

ECB’s Nowotny: ELA Can’t Be Long-Term Financing Substitute for Greek Banks

Remember earlier on when the RBA said they wanted AUDUSD to be around 0.85 then they changed it later to 0.75? Well it's bouncing in between these numbers. I wouldn't be surprised to see it go to 0.85. Why not? The fundamentals seem good.

Australia Labour Force

Who gives them authority? Why do they have authority? I could go in there and beat up everybody, probably including *some* of the guards (I used to do a bit of boxing and gym work in my younger days). Does that give me authority over them? If not, ...

Draghi Attacked By Protester At ECB Press Conference

I believe in the dollar which doesn’t have a population the size of France living in trailer parks, the dollar which doesn’t have a $18 trillion debt which some say is more like $70 trillion debt to its name, the dollar which hasn’t had a recession ...

AUDUSD: In Which Dollar Do You Believe?

It said, "We must recognise that confidence is again looking vulnerable heading into the Budget announcement next month," said Westpac's chief economist Bill Evens. "Indeed, recognition that the next Budget is imminent may have contributed to this ...

Australia consumer sentiment falls in April - survey

Rightfully said indeed. Heaven forbid any govt. does not obey the unelected masters of Europe. I mean they have our best interests at heart, they know best, we know nothing, just send us to fight in illegal wars so that they may send their children ...

Greece May Have Ruined Its Best Chance

That's the problem, they won't rot if this happens. They can even expel all the illegal 3rd world immigrants and ensure they end up in countries like Bulgaria, Germany and other EU protectorates.

Greece will declare default if IMF talks fail - FT

Clock the true reasons? Do you mean cloak the true reasons? I guess you do. I tend to agree with what you wrote.

Australia business confidence picks up in March: NAB

This part. "Greece’s official creditors are torn between wanting to keep the country in the eurozone to avoid the precedent of an exit and fearing that if Mr. Tsipras manages to roll back austerity and secure debt relief, he could embolden ...

Greece May Have Ruined Its Best Chance