sad news the Aussie dollar plunges!!!!

[h0ughy]

http://www.smh.com.au/news/business/aussie-dollar-plunges-to-us-90-cents/2007/11/12/1194766545122.html the bubble has burst:sadeyes::sadeyes:

[casstony]

While I have enjoyed making one or two purchases with a favourable exchange rate, the sooner the bubble bursts and asset values return to reasonable levels the better off we'll be.

[xelasnave]

Our interest rates will go up again so it should climb again but I feel there is a squeeze on its way ..they are fun... notice how the losses in the mortage market are released a little at a time... and now they talk of credit card problems... if you buy any new gear make sure it is made of gold.

alex

[xelasnave]

Cover your ears :eyepop: the US can only drop their rates so far.

alex

[casstony]

We might as well take our medicine and get it over with. I've had a casual interest in economic cycles since 1987; back then I invested $3000 in stocks after advice from a financial adviser, just before the crash. I still am amazed at the psychology that pushes markets to ridiculous levels (including housing markets); I guess there is always a new crop of punters who haven't experienced the big declines that follow the big gains.