US$$ = happy days for Aussie petrol heads....

Outbackjack · 23-09-2007, 11:30 AM

Get ya credit cards primed and ready to go guys...... This is good news for getting hold of all those nice shiney go fast bits!!!

http://www.news.com.au/business/stor...98-462,00.html

:

sgt_doofey · 23-09-2007, 11:32 AM

Go you Aussie Dollar. Will be in the States at the end of next month!

Kryton · 23-09-2007, 12:08 PM

Awesome!
hopefully i have available funds to buy what i never finished buying.

cowboy · 23-09-2007, 02:40 PM

Dodge Challenger time!

vztrt · 23-09-2007, 05:10 PM

Quote:

A higher dollar will bring its own pain for the economy -- making our exports more expensive but imports less costly -- and that could drive up inflation.

Not good for local industry.

kremmen · 23-09-2007, 06:09 PM

Quote:

Originally Posted by vztrt

Not good for local industry.

As long as local industry moves with the market there shouldn't be a problem.

Mark351 · 23-09-2007, 06:18 PM

CC + lmctruck.com = Fun!

Kobayashi · 23-09-2007, 11:39 PM

Mining job + Dealer auction prices = My dream chevelle soon

YAY!

4Vman · 24-09-2007, 08:40 AM

Disasterous news for local manufacturing.... The sooner the aussie dollar falls back the better.

Outbackjack · 24-09-2007, 09:17 AM

Quote:

Originally Posted by 4Vman

Disasterous news for local manufacturing.... The sooner the aussie dollar falls back the better.

There are two sides to this story......

vztrt · 24-09-2007, 09:32 AM

Quote:

Originally Posted by 4Vman

Disasterous news for local manufacturing.... The sooner the aussie dollar falls back the better.

Thats what i'm thinking, local industry is struggling as it is (not the case in all areas).

Outbackjack · 24-09-2007, 11:30 AM

Quote:

Originally Posted by 4Vman

Disasterous news for local manufacturing.... The sooner the aussie dollar falls back the better.

Its a two way sting at the moment. The US $$ is slipping, and the AUD is slowly climbing. Nothing can be done about it. So buy up and be happy.

mcnews · 24-09-2007, 11:37 AM

It's good for me as I have four figure server bills every month from the USA. Simply can't host a busy site in this country without getting hammered for the bandwidth that goes out when you are getting lots of traffic.

conordec · 24-09-2007, 02:17 PM

poor me on my US dollar salary... ah well, was a good ride, and my new tax bracket goes from 16% to 0% at the end of the year now anyway. ;)

Mondie · 24-09-2007, 04:45 PM

Quote:

Originally Posted by 4Vman

Disasterous news for local manufacturing.... The sooner the aussie dollar falls back the better.

Sure is, not to mention the resulting inflation pressures which then lead to higher interest rates. l cant help but think harder times are ahead.

Kobayashi · 24-09-2007, 09:20 PM

I think manufacturing is dead in this country no matter what happens to the $$ :(

Its why i got out of it and into mining, its soon to be the only growth industry in the country, sadly enough

gz1 · 24-09-2007, 11:33 PM

Quote:

Originally Posted by 4Vman

Disasterous news for local manufacturing.... The sooner the aussie dollar falls back the better.

Not to worry, If kev gets in he will fix that real quick. Aus dollar back to 60c in no time at all.

T3rminator · 24-09-2007, 11:36 PM

AFR heads are looking mighty tastey right about now

vztrt · 24-09-2007, 11:40 PM

Quote:

Originally Posted by gz1

Not to worry, If kev gets in he will fix that real quick. Aus dollar back to 60c in no time at all.

I seem to remember the aussie doller under 50c when a young mr howard was in power.

4Vman · 25-09-2007, 07:51 AM

Quote:

Originally Posted by gz1

Not to worry, If kev gets in he will fix that real quick. Aus dollar back to 60c in no time at all.

I doubt he'd even know how to do that even if he wanted to.....
Although im sure he'll be "text book" when it comes to interest rates...

Outbackjack · 25-09-2007, 08:47 AM

Quote:

Originally Posted by 4Vman

I doubt he'd even know how to do that even if he wanted to.....
Although im sure he'll be "text book" when it comes to interest rates...

Text book like Howard/Fraser == 22%.

But lets not get into a left Vs right "discusssion" rite now. I am genuinely interested in seeing what people might consider importing.

I'm thinking about a 4.6 litre quad cam for my impending cobra kit.

xbgs351 · 25-09-2007, 12:14 PM

Quote:

Originally Posted by gz1

Not to worry, If kev gets in he will fix that real quick. Aus dollar back to 60c in no time at all.

Actually higher interest rates would attract more money into Australia driving up the Australian Dollar.

I think what we are mainly seeing is a falling US Dollar. Looks likely that the US$ will not remain the currency that most international deals are done in, nor will the Saudis and hence the rest of the middle east continue to peg their currency to that of the US.

4.9 EF Futura · 25-09-2007, 02:00 PM

Whats with the inflation concerns? One of the key benefits of a floating dollar is the buffer effect that it provides in economic climates like that of which we are currently faced.

Higher AUD = less money coming into the country... particularly when its pretty much a bannana republic with resources at the moment. This is a key component of GDP and the higher dollar is having the effect of reducing inflationary pressure. Its effectively rationalising the influx.

As demand eases, so will the AUD... forex will equate to higher net domestic values and protect us from drastic economic shock if/when the rug is pulled out from under the currency. Keating was onto a good thing (and he'll still chew your ear off about it given the chance lol).

Of course this is all said ceterus paribus

Outbackjack · 25-09-2007, 02:21 PM

Quote:

Originally Posted by 4.9 EF Futura

Whats with the inflation concerns? One of the key benefits of a floating dollar is the buffer effect that it provides in economic climates like that of which we are currently faced.

Higher AUD = less money coming into the country... particularly when its pretty much a bannana republic with resources at the moment. This is a key component of GDP and the higher dollar is having the effect of reducing inflationary pressure. Its effectively rationalising the influx.

As demand eases, so will the AUD... forex will equate to higher net domestic values and protect us from drastic economic shock if/when the rug is pulled out from under the currency. Keating was onto a good thing (and he'll still chew your ear off about it given the chance lol).

Of course this is all said ceterus paribus

So what will you be buying??

_2:

||| · 25-09-2007, 02:27 PM

our dollars look better than us dollars so they should be worth more

gtfpv · 25-09-2007, 02:39 PM

ohhh yeah right , and the australian leaders look after their owqn people right.
petrol and interest rates will go up, so the money goes into our rich peoples rip you off pockets . these days good times only go to the rich pockets . unless you go to the US . IT wont benifit you. it will more likely bite you in the harder later.

banarcus · 25-09-2007, 02:46 PM

Hmm and on the bigger picture when Iran starts getting real shirty.....You'll need gold bullion to fill up your Falcons.

apolloxbgt · 25-09-2007, 02:46 PM

//Back on topic.

Old school f truck for me,the arn't worth jack over there.

4.9 EF Futura · 25-09-2007, 03:16 PM

Quote:

Originally Posted by Outbackjack

So what will you be buying??

_2:

American dollars lol.

Van D · 25-09-2007, 08:24 PM

Quote:

Originally Posted by T3rminator

AFR heads are looking mighty tastey right about now

Read my mind. Same with air gap manifold, carby, pistons, cam and some timing gear!