Quote:
Originally Posted by LordSquidworth
Curious on the state of the economy.
Seems to be holding up well, but some insider insight would be nice. I know the American dollar has fallen since I was last there. Used to get $1.40 aus for $1 usd
Not looking to immigrate.
But am considering spending a couple of my younger years there. From there maybe go to San Francisco, then on to Europe.
I'd probably be in finance if that makes any difference.
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If you are looking at GDP pretty much as the only indicator then yes the Australian economy is "holding up well".
If you are on the ground and looking at retailing spending, record household debt, housing bubble deflating slowly, Increasing unemployment, struggling exports outside of mining and now mining................. then you may have a different opinion of the Australian economy :P
The $AUD is strong as the US is printing trillions to prop up the economy more than a consequence of a strong asutralian economy.
Most western economies are resembling casino's, however to be fair the Australia is still doing better than most.
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