Re: More leaving Australia than ever before!
what argument? for the last few months i was telling you this was going to happen, and now it has. the australian dollar has gone into free fall. look at china. serious crisis. commodities/resources affected. AND we dont see much further easing by the RBA this whole cycle - perhaps another 100-150 basis points as inflation is a concern - especially with the coming higher consumer import prices as a net result of the crash of the A$. australia just does not have the economy of scale.
case closed.
Oh please come out of the well, dude. Australia is still not in recession; the US is already in a deep one. The American federal government was almost too slow and inept to respond. The Australian one at Canberra, however acted strongly, and for the moment, adequately.
And as for China, although it has slowed down, it must also be said that it's still gonna grow 7-8% this year. This is in contrast to Russia, which had relied on high oil prices for the last few years, and now face their own economic collapse due to the collapse of the world crude prices.
Besides, doesn't China still use more coal than oil to produce electricity? Although burning coal is an environmental hazard, China has more coal-fired power stations than oil-burning ones. And so, the demand is high.
In any case, you're just stubborn. Your views reflect those of a frog in a well. As long as you deny fact and reality, you would just remain a broken tape recorder. Good day, mate.
