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Heading back to the good old “banana republic” days?

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Fergus
Heading back to the good old “banana republic” days?

If this article is correct about the Aussie $ to US $ exchange, then it may not be the best time to hold off on equipment purchases in the hope that we will soon be back to the near parity we saw around the middle of the year:

http://business.watoday.com.au/business/dollar-dive-40-us-cents-warning-...

Of course, if I could pick this with any meaningful accuracy, then I would be rich, so who knows how much faith to put in this report. Though it is worth bearing in mind the instability we are seeing now and the parallel with the “dot com” era in the late 1990s when market speculation about the Aussie economy saw the AUD pushed to record lows. Anyhow, its hard to see good news coming on this front for a while