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xjo ... us dollar ... seriously ...

  1. rembrandt

    5,816 Posts.

    Hmmm... I like to keep tabs on the XJO as a general Market indicator.

    The AUD is around 3% stronger against the greenback over the week or so.

    This and other 'anti-social' measures means Dubya's antipodean allies are going to get rogered whether we like it or not.

    An AUD$0.65 is not an impossiblity and represents a 30% premium from not so recent lows ...

    That alone will wipe the smirk of Costello's puss in short order and reveal the hidden reason as to why we have been the global economic darling ...

    An AUD$0.50 dollar meant we were rich ... at AUD$0.65 it starts to look yuk.

    A consumer society sucking on everything with an offshore pricetag ... and exports that in the main make Oz look like a doughnut that is a nice place to visit ...

    Johnnie is away playing 'cowboys and itchibums' ... really wants to go out and kill something.

    The real winners of the first decade of the 21st century are seriously gearing up their domestic economies ...

    In the meantime, we mere mortals are trying to get set SHORT ...

    Chart looks like this ...

    Cheers ...

    This is only my view ... read the red stuff.

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