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APRA is pushing up the Australian dollar

Posted by on in BANKSTERS
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After reading this article it certainly sounds like there's a lot of very risky business as usual going on in Bankland around the world, despite the alleged crises, LIBOR, prosecutions, GFC, Inquiries, bailouts ...

Traders thrive on the excitement. Ups and downs are normal. Crises are just fluctuations that got a little out of hand ... and becoming a distant memory ... in the day to day running behind the scenes at Megabank.

 

Whilst the RBA and politicians dance around addressing the strength of the Australian dollar, crushing many productive sectors of the economy, APRA and Mega Bank use policies that pass massive risk to the taxpayer and inflate the level of the AUD.

Good reading ... http://www.macrobusiness.com.au/2012/09/apra-is-pushing-up-the-australian-dollar/

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Comments

  • doyla66
    doyla66 Tuesday, 18 September 2012

    Government loves the idea of a "strong" Australian dollar. Like having the winning football team.
    But, unlike football, it can have far worse consequences. It harms the rural sector through lack of competitiveness in overseas selling of our products. How is that a good idea?
    Another possibility is that APRA might be going to engineer a "managed crisis" under government instruction so we don't have a larger out of control crisis. The theory is that this would allow the whole system to reset. They hope.
    With all this emphasis on financial ups and downs, in the firmament of regulators, has anyone considered what this does to we ordinary human beings for even a brief moment in time?
    What would be wrong with a staged strategy for winding Australia back from the edge? To reverse the excesses of the last few decades as far as possible and create stability and restore consumer confidence? To reduce our dependence on overseas "markets" and our exposure to the incompetence of the US and EU?
    Or are we too far gone to do that?
    I dread the day when we have an ex banker as Prime Minister...

  • doyla66
    doyla66 Wednesday, 19 September 2012

    AUS $ has managed to remain well-supported by foreign purchases of government debt; offsetting decline in offshore bank borrowing.


    http://www.businessspectator.com.au/bs.nsf/Article/australian-dollar-resources-bonds-iron-ore-commodi-pd20120917-Y8475?

  • doyla66
    doyla66 Thursday, 20 September 2012

    At some point the piper has to be paid no matter what these "regulators" do to manipulate. All they are doing is prolonging the pain/gain. It is always a stupid strategy when they meddle & muddle. :D

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