{"id":5697,"date":"2012-10-08T00:46:16","date_gmt":"2012-10-08T04:46:16","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5697"},"modified":"2012-10-08T00:46:16","modified_gmt":"2012-10-08T04:46:16","slug":"is-the-high-australian-dollar-the-real-culprit","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/08\/is-the-high-australian-dollar-the-real-culprit\/","title":{"rendered":"Is the high Australian Dollar the real culprit?"},"content":{"rendered":"

Excellent comment from Loonyright<\/em> at Macrobusiness.com.au<\/a> on damage to Australian industry caused by the higher dollar:<\/p>\n

Australia has been losing investment in research and manufacturing well prior to 2002. The volatility of our currency is of nothing compared to the static, elevated cost of doing business \u2013 all resulting from higher wages, unattractive taxation, and unattractive levels of regulation. We are a stable, well educated populace \u2013 this should be the ideal home of all kinds of investment. Instead we have slowly and steadily dug ourselves into an entitlement mindset out of proportion to our ability to fund it. If we truly want a competitive, diversified economy that is not reliant on commodity prices and low interest rates to drive activity via the property market, then our uncompetitive wages, taxation and regulation MUST be addressed. It is fantasy to think we can change our fortunes without changing these factors.<\/p><\/blockquote>\n

via Gotti canvasses the unthinkable | | MacroBusiness<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Excellent comment from Loonyright at Macrobusiness.com.au on damage to Australian industry caused by the higher dollar: Australia has been losing investment in research and manufacturing well prior to 2002. The volatility of our currency is of nothing compared to the static, elevated cost of doing business \u2013 all resulting from higher wages, unattractive taxation, and … <\/p>\n

Continue reading “Is the high Australian Dollar the real culprit?”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5],"tags":[290,1317,1326,2800],"class_list":["post-5697","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","tag-australia","tag-exchange-rates","tag-export-industry","tag-property-market"],"yoast_head":"\nIs the high Australian Dollar the real culprit? - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is the high Australian Dollar the real culprit? - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Excellent comment from Loonyright at Macrobusiness.com.au on damage to Australian industry caused by the higher dollar: Australia has been losing investment in research and manufacturing well prior to 2002. 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The bellwether of the Australian economy is housing. Prices are tumbling, with annual growth now close to zero.\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australia: Consumer Sentiment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-12-09-aus-sentiment.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":17863,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/02\/11\/why-the-rba-shouldnt-cut-interest-rates\/","url_meta":{"origin":5697,"position":1},"title":"Why the RBA shouldn’t cut interest rates","author":"Colin Twiggs","date":"February 11, 2019","format":false,"excerpt":"There are growing cries in local media for the RBA to cut interest rates in order to avoid a recession. House prices are falling and shrinking finance commitments point to further price falls. Declining housing values are likely to lead to a negative wealth effect, with falling consumption as household\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6994,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/15\/australia-the-rba-should-emulate-the-swiss\/","url_meta":{"origin":5697,"position":2},"title":"Australia: RBA should emulate the Swiss","author":"Colin Twiggs","date":"March 15, 2013","format":false,"excerpt":"Australia is suffering a similar fate to Switzerland, where the Swiss Franc soared against the Euro during the Eurozone sovereign debt crisis. Flight to safety caused the Franc to rocket, threatening local manufacturing industry. Exporters were priced out of international markets while imports were undercutting local suppliers. The Swiss National\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26334,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/06\/16\/productivity-not-population-key-to-aussie-living-standards-macrobusiness\/","url_meta":{"origin":5697,"position":3},"title":"Productivity not population key to Aussie living standards | Macrobusiness","author":"Colin Twiggs","date":"June 16, 2021","format":false,"excerpt":"From Leith van Onselen at Macrobusiness: Former ALP minister Craig Emerson has penned an article in The AFR calling on the Morrison Government to tackle Australia\u2019s declining productivity growth, which is central to boosting the nation\u2019s living standards: \u201cProductivity growth has contributed 95 per cent of the improvement in Australians\u2019\u2026","rel":"","context":"In "Aussie dollar"","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7773,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/22\/australia-property-risk-highest-in-a-long-time\/","url_meta":{"origin":5697,"position":4},"title":"Australia: Property risk highest in a long time","author":"ColinTwiggs","date":"May 22, 2013","format":false,"excerpt":"Posted by Houses and Holes in Australian Property, May 20th 2013: MB contributor, Rumpletstatskin, wrote an interesting post on the Australia property cycle this morning. In it he mused that: The crucial lesson in all this is that Australian nominal asset prices have been supported by fiscal policy during the\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Index","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2013\/05\/cost-risk-analysis-300x265.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3886,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/19\/rba-gambles-on-china-macrobusiness\/","url_meta":{"origin":5697,"position":5},"title":"RBA gambles on China – MacroBusiness","author":"Colin Twiggs","date":"March 19, 2012","format":false,"excerpt":"Glenn Stevens: Those at home [Australia] see this as well. As consumers, they have responded to the higher exchange rate with record levels of international travel. 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