Battered Aussie headed for US50c ?

Battered Aussie headed for US50c ? These are the same ppl who said $AU would be $1.50 4 months

#1 Zorba

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Posted 16 January 2009 - 12:36 PM

A BATTERED Aussie dollar is on a fast train to US50c, economists now believe, thanks to a renewed deterioration on commodity markets.
A dramatic collapse in mining activity and continued falls in commodity prices have forced currency analysts to revisit earlier "stable" estimates for the dollar.

These are the same ppl who said the cost of petrol would be $2 a litre at Xmas 3 months ago.

Also said that housing prices were always going to go up and interest rates up to 15% this year.

Do you believe these so called ANALYST

#2 DemiK

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Posted 16 January 2009 - 01:13 PM

You talking about the same analysts who denied the fact that a crisis was coming up three years ago, who denied that it was global two years ago, and who denied the fact that it was systemic six months ago??? LMAO

You know what's funny...all the analysts have a different opinion!!! Who do you believe?

#3 Andrew19

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Posted 16 January 2009 - 01:31 PM

The analysts do their job. Talking bullshit and getting a hefty paycheck for it.

#4 Hazman

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Posted 03 February 2009 - 01:09 PM

At least if it does go this low, exporters will get a good deal as it makes their goods more competative on the world market.

#5 Thanasi

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Posted 06 December 2009 - 09:12 AM

Zorba, on 16 January 2009 - 12:36 PM, said:

RoFL

#6 TZAKI

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Posted 10 December 2009 - 09:05 AM

Zorba, on 16 January 2009 - 01:36 PM, said:

thank god they got it wrong!

#7 russel

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Posted 03 March 2010 - 09:11 PM

ha ha ha ha !
this post is hialrious.

whoever predicted 50cents should be put on a hit list..

we are now preciting US and oz almost on par..

just shows how idiotic these analysts are...i can say that now,as i wear no hats nor have any job in the industry.