Quote Originally Posted by i_amtrunks View Post
What does the Aussie market need to do to recover?

it's not like we are dying completely like the UK Market, and thus deserve to be punished, our market is still going somewhat strong in contrast to Europe and the US.
I don't think it's up to us to determine our exchange rate. We're the 4th most traded currency in the world but that's a function of how attractive it is to invest in us. But many of the reasons for investing in us have dried up so we're seeing less money flowing in b/c of global weakness and hence less demand for our $. This may be a matter of years before we even recover in terms of our currency.

The UK is in a rescession and the US is. Europe is faltering as you've noted and that leads to a very pessimistic outlook. I regret now not taking up law offers and going down the finance route next year. If there's a global rescession, the finance market will be hit hardest and there will be flow on effects to Australia. My original reason for following finance was b/c I figured there were international opportunities for me b/c the company I'm joining has branches in Europe and Asia.

But yeah, I don't imagine things getting better any time soon. Basically, as a collector I'm just going to bite the bullet and accept that my $ won't go as far. What's important is to keep my job and not waste money on holidays/overseas expenditures that I can live without. That will mean we've got more to spend. The $ I fear might keep collapsing b/c each bit of new bad news that hits sees it taking a pounding and people are expecting worse news to come out of Europe. Combine that with hysteria, our $ will take a severe beating as people flock to the safer currencies that hold value which in many cases will be Yen.

http://www.abc.net.au/news/stories/2...ction=business