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Macdon commented Dec 16, 2013You can't do anything about it Governor Stevens. You lower rates and you'll have a property price explosion. Keeping the AUD low for failing manufacturing companies like Holden, who were subsidised to the tune of $AUD500 million annually was a ...
RBA Kept Rate Cut Option Open as Aussie ‘Uncomfortably High’
- Macdon replied Dec 16, 2013
A strong AUD is good for the economy as it makes our imports cheaper and that includes oil which is used in transport which the whinging manufacturing sector uses as well. The AUD may benefit MFG in the profit lines, but the costs go up due to the ...
AUD/USD
- Macdon commented Sep 22, 2013
First you got to get the money, when you have the money you get the power. When you get the power you will get the women.
Billionaire George Soros weds for 3rd time
- Macdon replied Sep 16, 2013
They can’t cut rates. The property market is overheating due to record low interest rates. The AUD should be higher than it is anyway. The government wants it down so that it can balance the budget, but they must raise interest rates so we don’t ...
AUD/USD
- Macdon replied Jul 14, 2013
Allow me to talk up the AUD a little. http://moneymorning.com/ob-article/arckaringa-saudi.php?code=131883 It's the biggest find in 50 years and the media is completely ignoring it. It is 6 times larger than the Bakken, 17 times the size of the ...
AUD/USD
- Macdon replied Jul 12, 2013
Things are not bleak here at all. They're just going from Excellent to Very Good or Very Good to Good if you like. It's bleak every where else in the developed world. Australian home loan approvals rose by 1.8 per cent in May as interest rates were ...
AUD/USD
- Macdon commented Jul 11, 2013
The USD was not in the position of strength he put in with his last statement. He has tempered the previous statement with this one.
Dollar slumps as Bernanke wrongfoots bulls
- Macdon replied Jul 5, 2013
Point 1 is *everything*. You guys are on the precipice of a financial Armageddon and are printing money like there’s no tomorrow. Youth unemployment rates are nearing 50% in some European countries. Let me give you some names – PIIGS and Iceland are ...
AUD/USD
- Macdon replied Jul 4, 2013
Some trader here on FF said that he expects the AUDUSD to retrace to 0.84 and then shoot off to 1.10 and beyond. Fundamentally there is no reason why the AUD should be low. We have a robust economy that is not in dire straights as UK-Europe and USA ...
AUD/USD
- Macdon replied Jul 4, 2013
JPMorgan was the institution shorting silver at $40-50 when everyone was screaming buy gold/silver. In fact some were even buying silver to break JPMorgan. Looks like it didn't work. Another international investment bank, Goldman Sachs, is also ...
AUD/USD
- Macdon commented Jul 3, 2013
The AUD has copped a walloping for now good reason other 2 big mouthed liars – one in the US and one in AU opened their big fat mouths. I say liars because all politicians and banskters are exactly that. The economic data is not that bad and we have ...
RBA Stevens: Economic Conditions and Prospects
- Macdon commented Jul 2, 2013
If you bought gold in 1980, it would have cost $800 and ounce. You would have needed to hold onto it for over 20 years to make some profit. As it stands, you’d have made a 56% profit in 33 years. Pathetic returns for any investment. Same can be said ...
The Golden Bloodbath of 2013: Will Everyone’s Favorite Metal Make a Comeback?
- Macdon replied Jun 19, 2013
Thanks for that, but I wouldn't exactly say growth is weak in AU. We survived the GFC better than most and we still have many commodities that others want to buy. We also have farmland which countries like China and USA also, want to buy. They also ...
AUD/USD
- Macdon replied Jun 19, 2013
Higher inflation will cause the RBA to raise interest rates, usually. I wonder what that means for the AUDUSD? Usually it means it goes up.
AUD/USD
- Macdon commented Apr 30, 2013
AUD is a safe haven currency with central banks favouring AUD over USD, EUR and GBP in recent times. AU has a wealth of minerals and resources that it mines using the most modern techniques. AU banks are ranked as some of the safest in the world. AU ...
Why Shorting the Aussie Is 'Trade of the Century'
- Macdon commented Apr 29, 2013
AUD is linked to gold as well as other commodities. I can't see it going down anytime soon especially since USD, GBP are being printed to oblivion and EUR is getting smashed from all sides. AUD has been given trading preference by China as well.
Why Shorting the Aussie Is 'Trade of the Century'
- Macdon commented Mar 21, 2013
The 2 euro leaders? Who elected them leaders? Why are they leaders? That’s the whole problem in Europe isn’t it? Unelected commissars taking everything from the people and keeping them in serfdom. Communists have stolen more from people than even ...
Cyprus's Three-Way Game of Chicken
- Macdon replied Feb 6, 2013
Bad economic data? url Trillions of dollars worth of oil found in Australian outback Up to 233 billion barrels of oil has been discovered in the Australian outback that could be worth trillions of dollars, in a find that could turn the region into ...
AUD/USD
- Macdon commented Sep 23, 2012
What?! Those lazy, profligate, tax dodging Brits. Sell their assets in a fire sale to pay off the banksters. First we have the PIIGS and now we have the SWINE countries – Scotland Wales Ireland Northern Ireland and England. One would think all this ...
UK’s deficit ‘could be bigger than Greece's’
- Macdon commented Sep 10, 2012
They provide volume. Increasing transaction costs will see them dump AU shares and go elsewhere. It's that simple really.
Want to Blunt High-Frequency Trading? Australia Has a Plan