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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Moominoid who wrote (62434)4/22/2005 10:00:45 PM
From: rz  Read Replies (3) of 74559
 
Interesting. I keep cash in various currencies, including AUD (but mainly CAD). The fact that Australia sells all these commodities and still has 6% trade deficit is a bit disturbing. But it seems that they were in this position (6% trade deficit) five times since 1980. Each time they recovered to about 2-3%. Let’s hope that they will recover once again and not stay at this level like the US. On the bright side: in 1980 at the peak of prior commodity boom the AUD/USD exchange rate was 1.15.
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