Dollar Dazzlers
Well, the once little Aussie battler that was struggling at a gravely depreciated 47 US cents in 2001, has recovered its losses from the fall-out of the US sub-prime credit crunch, and is now hovering around the respectable 89.12 US cents mark. I believe the Aussie will reach parity with the greenback before January 1 2008.
A couple of things which I predict may affect the Aussie's appreciation. It is my belief that Israel, the United States, England, France & possibly Australia will launch a military strike on Iran before the end of the year or possibly in 2008. Diplomacy appears to have failed with the Iranians not ceding an inch - what do you do when a rogue state won't give up their atomic powers? Iran with nuclear warheads is a dangerous threat to the wider world. I believe any military action will have adverse consequences for the whole world and therefore could affect the $A value quite significantly. It is my hope the once Aussie battler will achieve parity with the greenback before these unfortunate events unfold.
I'm in a really lazy mood right now. It looks like I'll be happy with watching TV downloads and doing not much else with it being a NSW public Labour Day holiday and all. I really don't feel like composing much right now. I'll write some more tonight and report on the latest 'Desperate Housewives' series, as well as anything else I can muster up from the deep caverns of my mind.
Update: Desperate Housewives season opening seemed a bit flat and not very interesting; this television show had so much spark in Season One, but lost it in Season Two, to partly regain it in Season Three. Season Four appears like it could be a repeat of Season Three all over again. So in conclusion this series has lost much of its originality but I'll keep watching but am not expecting anything majorly groundbreaking to occur throughout this series. Also I forgot being a long weekend 'Kath & Kim' wasn't screened on Sunday as this was the NRL rugby league grand final - so now I have to wait a whole week to see Episode Seven.
A couple of things which I predict may affect the Aussie's appreciation. It is my belief that Israel, the United States, England, France & possibly Australia will launch a military strike on Iran before the end of the year or possibly in 2008. Diplomacy appears to have failed with the Iranians not ceding an inch - what do you do when a rogue state won't give up their atomic powers? Iran with nuclear warheads is a dangerous threat to the wider world. I believe any military action will have adverse consequences for the whole world and therefore could affect the $A value quite significantly. It is my hope the once Aussie battler will achieve parity with the greenback before these unfortunate events unfold.
I'm in a really lazy mood right now. It looks like I'll be happy with watching TV downloads and doing not much else with it being a NSW public Labour Day holiday and all. I really don't feel like composing much right now. I'll write some more tonight and report on the latest 'Desperate Housewives' series, as well as anything else I can muster up from the deep caverns of my mind.
Update: Desperate Housewives season opening seemed a bit flat and not very interesting; this television show had so much spark in Season One, but lost it in Season Two, to partly regain it in Season Three. Season Four appears like it could be a repeat of Season Three all over again. So in conclusion this series has lost much of its originality but I'll keep watching but am not expecting anything majorly groundbreaking to occur throughout this series. Also I forgot being a long weekend 'Kath & Kim' wasn't screened on Sunday as this was the NRL rugby league grand final - so now I have to wait a whole week to see Episode Seven.
posted by NewcastleBoy at
2:36 pm
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