Ok so it has been some time since I last added anything to the site. I’m sorry, I didn’t mean to be so lazy but I promise that I will get back onto my game and really get things moving over the next few weeks.
Recently in the business word in Australia there has been a lot going on. The Australian dollar is all over the joint like a yoyo, the property market is supposedly on the verge of collapse, the government is trying to do everything they can to get things under raps but nothing seems to be working.Not to mention the stock market collapse that occurred in August! How could I have almost forgotten that!
I will now briefly go into some of these topics with you to give you an update on what I have been seeing, maybe providing a fresh perspective.
The Australian dollar… Tough one to start with I know, trading again the US dollar only a month ago was at a high of 1.14 tot he dollar. Buying stuff off shore was sweet and I know I did my fair share of spending during that time. Two weeks after this high the AU dollar plummeted down to .96 cents on the dollar and has for the last few weeks remained stable at about even. From my outlook of the two markets I feel it is highly likely that the Australian dollar will go back ahead of the US dollar any time now. Though our economy is not in the greatest health, there are few countries right now that are in worse shape than the US. As an example the other day i went shopping with a friend to check out some fresh new boats for him to purchase. After seeing the prices of luxury boats in Australian stores we decided to go visit an importer from, you guessed it the US market.
the boats being exported due to loan faults in the US is out of this world. All the boats were no more than a year old due to them being repossessed on a loan that could not be paid and the savings on a new boat if I had to estimate would have been around about the 80% mark. There has never been a better time to buy a boat hey.
That’s enough about that for now simply because there is so much to write about, I dont want to get stuck on the first topic.
Ok so how about the pokie machine reform? This is plastered all over the news, in papers, you name it. it is definitely one of the bigger topics around at the moment. Encase you have been living under a rock for the past 3 months what’s going on is that a couple of members of parliament have got it into their heads that making small adjustments to the way people are able to play pokies it will dramatically reduce the amount of money Australian spend on them. As you can probably tell by the tone of the prior sentence I am not as convinced.
Luckily for us, before the Australian government decided to make any significant changes to the pokie laws, they came to their senses and boycotted the hole thing. This has not made Andrew Wilki very happy (the leader of the reform).
Ok next subject. I am not 100% across this topic but I have heard that the costs of life insurance have come down a large amount over the last few month? OK so this is not the most exciting piece of news but there is always value in saving people money. If you have a current life insurance and income protection policy you may want to consider getting a new quote on both. I can highly recommend these guys as they just organised my life insurance quotes and they got me an unbelievable deal.
In sport… I know its not business but if your a motor sport fan this week has been pretty hectic. a formula one drive died in a fatal accident not weeks ago and last night an Italian Moto GP rider by the name of Marco Simoncelli was brutally killed on the second lap. This surely will have implications to restrictions and further safety improvements in the sport. My heart goes out to Marco’s family. Such a talented rider and in my opinion to be the next Rossi.
Ok so that will do for now. I promise I will post back shortly. Until then take care.