[mondi]

With the state of the economy on a global and local basis, where are we headed??
Shares have taken a hammering, as has Super and the dollar dipped below 75 US cents yesterday.

leburpor mentioned yesterday that a new toy was out at this time due to a little nervousness about the economy at the moment.

And Aircon was in the right place at the right time with his 328 it would seem.

Is it looking good or bad? Time to hold off purchasing a new toy just yet?

Or is this a Terrorist plot to bring down the US in an economic way, if they indeed had the brains to do it?

Thoughts, views, opinions???

[flamestone]

Is it looking good or bad? Time to hold off purchasing a new toy just yet?

No idea about the economy, but I personally am sort of half being tempted to bring my toy purchasing plans forward due to the general state of the used car market (much to my wife's distress, but like a great guy once said, you can't drive a house ).

[AshSimmonds]

I'm just taking it easy - I don't pay enough attention to what's going on to know or care much however most of my current income comes from one of the top 3 corporations in the news because of shares tanking over the last 6 months.  I doubt there are likely to be any effects on my status overall as I should be able to get decent work quite easily but I'm still being cautious.  I was gunna buy a toy a couple months ago but have decided to squirrel away my cash and leave things until at least December to see how it's looking.

[Aircon]

And Aircon was in the right place at the right time with his 328 it would seem.

that was one of the best bits of luck ever!

wait a bit longer and buy a bargain.

[leburpor]

I think it'll get worst....financial armageddon according to some.. just stay liquid and be ready to pick up some good deals, which are already present in the market.

[flamestone]

Yeah I'm sure no one wants to take advantage of some poor guy that's just lost a gazillion dollars on the stock market or something, but for those who were already thinking of buying anyway, there's some bargains to be had...

[andecorp]

I jump up and down in excitement every time the dollar goes down another cent. All my money is earned overseas, so the weaker the AU$ is, the more money I make. A few months ago, I was losing about $40k/month compared to one year previous on the same amount of $, just due to the exchange rate. Now I am finally getting some vindication.

$0.48 here we come again!!!!!

[flamestone]

Well the RBA has just done a full 1% rate cut...  I guess that tells a story.

[leburpor]

$0.48 here we come again!!!!!

I've never met you, nor do I know you...but I now officially hate you 

I buy a lot in US$...last two months has costed me heaps. Even the $$$ in contracts I bought at 0.92 is not gonna protect my margins sufficiently with the way the FX is going...and this 1% i/r cut ain't gonna help either  unless consumer spending sky rockets..

[mondi]

$0.48 here we come again!!!!!

What leburpor said!!!!

Last time the dollar was down there, it HURT big time as it made the cost of parts for the Yanky cars "ouchy".

But I guess it is good in one way, the value of the cars is now going back North. And it will get rid of the Backyard dealers again, like it did last time.

And a full 1%?????   Was expecting .5% but a full 1% - wow.