If you need a reliable, accurate, thought provoking and informed economic forecasting at both local and international levels, look no further. Informed by Stephen's exceptionally broad experience and background, his
As the link suggests, it’s a seminar that is straight-talking, no nonsense financial information. It is great to see that there is no pushy marketing or get rich quick schemes, just a range of broad but in depth look at the things that have proven to be wealth enhancing strategies over many years. What is the best way to maximise your wealth both in the short term, but also, to have in place a framework of ideas to maximise the chances of building a decent financial nest egg over the longer run.
The Australian dollar has powered to a two year high above 78 US cents with the rise mainly driven by a sharp fall in the US dollar, amid signs of weaker economic growth in the US.
For some Australian economists, this rise of the Australian dollar, if sustained, is reckoned to be a restrictive force for the Australian economy which risks snuffing out some of the recent economic news pointing to a moderate pick-up in activity.
While a higher value for the Australian dollar does generally trim the rate of economic growth as lower priced imports take business away from local producers and exporters find it a little harder to compete in the international trade market, there are some good reasons to think the current Australian dollar rise will not be a major problem.
Think of it this way.
If the Australia dollar was in fact ‘over-valued’, how would this show up in the real world or the real economy?
In an environment of a floating exchange rate for the Australian dollar, the answer is rather simple.