So the Aussie Dollar has reached new highs of $1.08...or something... quite amazing really.
Everyone can't believe our good fortune...or is it good fortune? What is the real situation for all of the 'average joe' business people in Australia or the families working for their salary, day in and day out?
Petrol? Still a rip off, and seems to be going up when the Aussie $ goes up.
Groceries? Still expensive, sure Coles and Woolworths are discounting some things, but I am sure that they are increasing the price on other products such as petrol...alcohol(yes they own 1 or 2 of those major bottle shops).
What about businesses that export products or even just simply manufacture products here in Australia? There is no Japan business available at the moment, even if there had not been a tsunami or nuclear meltdown, they would have bought from USA rather then pay for our products which are now expensive due to the rising Aussie $.
Surfing Manufacturers are struggling in Australia. It is cheaper for Australian Manufacturers to buy rival brands from the USA then it is to make them here in Australia and sell them. What a joke!
Still its fantastic if you are able to holiday in Hawaii or USA, because everyone is doing so well in Australia that we can all afford to take holidays to the other side of the world.(sic)
So really what is the upside to the Aussie dollar being so strong? Buggered if I know. But I did fail Economics at Uni, maybe that answers everything.