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Showing posts from October 26, 2013

Cats No Go

"You move!" "No, you move" http://www.adventure--australia.blogspot.com/ http://www.tysaustralia.blogspot.com/ http://adventure--australia.blogspot.com/atom.xml http://www.technorati.com/blogs/ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Funny Animal Photos by Ty Buchanan Vista Computer Solutions Blog        Australian Blog ★                          ALL BLOG ARTICLES · ──► ( BLOG HOME PAGE) Share Article

Australian Retail Problems Not Caused by the Mineral Sector

There is clearly something wrong with the Australian economy. We seem to in the same position of Indonesia several decades ago when it had oil and the high price was pushing up the value of the currency. A high currency makes it difficult for those producing "non-boom" products to export. That is why the US is printing more dollars to weaken the currency, improve the economy and create more jobs. Nothing much is happening for it though because the US dollar is the major international currency as gold used to be. Just why Australian shopkeepers are crying fowl is more difficult to understand. A strong currency means imports are cheaper. Australians are very import dependent in their spending habits and buying cheap imports is what they like to do. They buy such imports over more expensive Australian made products, but this shouldn't hurt the bottom line of retailers. They claim Australians are spending less. Though figures show this to be the case, spendin...