{"id":664,"date":"2011-09-05T21:45:49","date_gmt":"2011-09-06T01:45:49","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=664"},"modified":"2011-09-05T21:45:49","modified_gmt":"2011-09-06T01:45:49","slug":"fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/","title":{"rendered":"Fighting Australia\u2019s \u201chot money\u201d problem &#8211; macrobusiness.com.au"},"content":{"rendered":"<blockquote><p><span style=\"color:#008080;\">Australia is a large net borrower from the rest of the world. A large deficit in a capital account along with a deficit in the balance of trade while the currency is rising are all strong evidence that Australia has a problem with currency speculation.<\/span><\/p>\n<p><span style=\"color:#008080;\">Currency speculation, sometimes called \u201chot money\u201d , needs to be controlled because it can cause some serious imbalances in the local economy both on the way in, and on the way out. There are a number of well-known symptoms for hot money in-flows, these include:<\/span><\/p>\n<p><span style=\"color:#008080;\">\u2022 Asset bubbles<\/span><\/p>\n<p><span style=\"color:#008080;\">\u2022 Currency appreciation<\/span><\/p>\n<p><span style=\"color:#008080;\">\u2022 Inflation<\/span><\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.macrobusiness.com.au\/2011\/09\/fighting-australias-hot-money-problem\/?utm_source=Media+List&amp;utm_campaign=5cf36fafba-RSS_DAILY_MAILCHIMP_CAMPAIGN&amp;utm_medium=email\">Fighting Australia\u2019s \u201chot money\u201d problem &#8211; macrobusiness.com.au.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia is a large net borrower from the rest of the world. A large deficit in a capital account along with a deficit in the balance of trade while the currency is rising are all strong evidence that Australia has a problem with currency speculation. Currency speculation, sometimes called \u201chot money\u201d , needs to be &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fighting Australia\u2019s \u201chot money\u201d problem &#8211; macrobusiness.com.au&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"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":[40,7],"tags":[282,571,924,927],"class_list":["post-664","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-forex","tag-aud","tag-capital-account","tag-currency-speculation","tag-current-account"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fighting Australia\u2019s \u201chot money\u201d problem - macrobusiness.com.au - 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=\"Fighting Australia\u2019s \u201chot money\u201d problem - macrobusiness.com.au - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Australia is a large net borrower from the rest of the world. A large deficit in a capital account along with a deficit in the balance of trade while the currency is rising are all strong evidence that Australia has a problem with currency speculation. Currency speculation, sometimes called \u201chot money\u201d , needs to be &hellip; Continue reading &quot;Fighting Australia\u2019s \u201chot money\u201d problem &#8211; macrobusiness.com.au&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-09-06T01:45:49+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Fighting Australia\u2019s \u201chot money\u201d problem &#8211; macrobusiness.com.au\",\"datePublished\":\"2011-09-06T01:45:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/\"},\"wordCount\":115,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"AUD\",\"capital account\",\"currency speculation\",\"current account\"],\"articleSection\":[\"Australia &amp; NZ\",\"Forex\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/\",\"name\":\"Fighting Australia\u2019s \u201chot money\u201d problem - macrobusiness.com.au - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2011-09-06T01:45:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/fighting-australias-hot-money-problem-macrobusiness-com-au-macrobusiness-com-au\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fighting Australia\u2019s \u201chot money\u201d problem &#8211; macrobusiness.com.au\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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On\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"The Road Not Taken","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2013\/08\/paths06-300x155.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7386,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/01\/has-australia-hit-the-floor-with-interest-rates\/","url_meta":{"origin":664,"position":1},"title":"Has Australia hit the floor with interest rates?","author":"ColinTwiggs","date":"April 1, 2013","format":false,"excerpt":"Izabella Kaminska made a strong argument on FT Alphaville last year for the RBA to lower interest rates and weaken the Australian Dollar to protect manufacturing and export industries: Australia\u2019s current account deficit coupled with a deeply negative net external debt position both provide strong fundamental impetus for currency weakening.\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12223,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/22\/chinas-dangerous-currency-manipulation\/","url_meta":{"origin":664,"position":2},"title":"China&#8217;s dangerous currency manipulation","author":"ColinTwiggs","date":"August 22, 2015","format":false,"excerpt":"I am surprised at John Mauldin's view in his latest newsletter Playing the Chinese Trump Card: ....This whole myth that China has purposely kept their currency undervalued needs to be completely excised from the economic discussion. First off, the two largest currency-manipulating central banks currently at work in the world\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Foreign Reserves","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-fxreserves.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-fxreserves.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-fxreserves.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":2429,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/28\/canberra-is-fighting-the-last-war-macrobusiness-com-au-macrobusiness-com-au\/","url_meta":{"origin":664,"position":3},"title":"Canberra is fighting the last war &#8211; macrobusiness.com.au","author":"ColinTwiggs","date":"November 28, 2011","format":false,"excerpt":"As we know, the Western world has passed an historic moment when credit driven growth is no longer viable. We are in the early years of a decades long deleveraging. And, as we know from the sectoral balances of macroeconomics, an economy can only grow through the expansion of the\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11531,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/02\/09\/sectoral-imbalances-the-purple-jobs-eater\/","url_meta":{"origin":664,"position":4},"title":"Sectoral imbalances: Where have all the jobs gone?","author":"ColinTwiggs","date":"February 9, 2015","format":false,"excerpt":"Great post on Twitter from Naufal Sanaullah depicting US sectoral balances using UK economist Wynne Godley's analytical framework. The key to understanding Godley's analysis is that the sum of the four sectors is always zero. If one sector runs a deficit, it must be funded by a surplus in another\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Output Gap: Wikipedia","src":"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/0\/0a\/Actual_potential_GDP_output_gap_CBO_Jan_09_outlook.png\/250px-Actual_potential_GDP_output_gap_CBO_Jan_09_outlook.png","width":350,"height":200},"classes":[]},{"id":24841,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/03\/27\/decline-of-the-us-dollar\/","url_meta":{"origin":664,"position":5},"title":"Decline of the US Dollar","author":"Colin Twiggs","date":"March 27, 2021","format":false,"excerpt":"In 1971 Richard Nixon took the US Dollar off the gold standard, creating the first reserve currency based on fiat. He had no choice. After LBJ's big-spending guns and butter program of the '60s, the US did not have enough gold reserves to cover its foreign debt. 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