The Aussie dollar slipped today.
The Australian dollar may strengthen, because the Indian and Chinese economies are booming meaning they have an increased need for raw commodities, which Australia has plenty of, but then the increase in oil prices may mean prohibitive transport costs push...
Any truth in the stories that interest rates should hit 8.5-9% in 2005/6 and that there will be a 25-30% correction in the market around then?
Have also heard that the banks are training hundreds of additional staff in bankruptcy and liquidation procedures.
Anyone have an opinion on this?
Is it really worth it buying in Melbourne at the moment (from an investment point of view)?
To me it seems that with a glut of rental properties on the market, that as a tenant, you can call the shots. You'd be better off putting your savings into some other investment and taking a cheap...
Buy a large ship in a place like Liberia, do a few legit cargo runs to gain credibility, sell ship.
For smaller amounts, a few 'wins' at the Casino or the racecourse will suffice.
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