mayday mayday - A$ in freefall (20 may 2010)

[h0ughy]

wow i hope you people out there have parted with someone elses money to get your gear before today (i know i did when i bought my new cooled camera). the aussie dollar is now at 82cents us and falling, only a week ago it was hovering around the 89 cent mark.

[Wavytone]

Mayday for some perhaps... I'm cashed up and relishing the thought of buying into the ASX when the market bottoms out. Should do quite nicely afterwards :)

[DavidU]

My live currency feed says the AUD/USD is in the .82 area now.

[mick pinner]

the aussie dollar going down and interest rates going up, what a great country we live in. l can't wait for the next recession, bring it on.

[Karls48]

You can be lucky sometimes. I have ordered and paid for in US$ Boring head for my Mill and software from USA. But - I just wonder what this is going to do to my poor Super. I was going to withdraw it all, but as it started to go up recently, I thought that I can leave it for an other year and may be to recover some of the losses. Serves me right for trusting the spin that economy is recovering.
To all of you guy and girls in your thirties and older - don't get sucked in by the spin that governments, banks, financial advisers and Real Estate agents, that economy has recovered and the future looks rosy. Today someone farts in Tiera del Fuego and you loose quarter of your savings. The only things that will keep some sort of value turbulent future that lies ahead is precious metals and good agricultural land that produces food.