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14 Oct I've got a post up on TechCrunch today (here) about the decline in the US dollar. That post isn't personal, but this Gooruze post it: it hurts, and it hurts a lot. The more people I talk to who rely on US dollar income streams the more I hear the same thing: it hurts. Does it hurt for you?
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October 2007 Not just Australian who are hurting! I was in Canada recently and their dollar is also pushing parity. They are feeling the pain as well in lots of areas. One town was loosing it's logging mill which employeed a few hundred people in a town only 1,000 strong. They cited the strong Canadian dollar meaning that they were unable to compete cost effectively. The only good thing, is when you buy in good from Ebay, it is much cheaper! Althugh yet to see the majority of imported goods drop in value.  Reply
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October 2007 It hurts us at ineedhits too
 . All our prices are in US dollars and most of our costs are Australian. It is a real business threat to all Australian exporters. We have explored "puts" an insurance type arrangement but as the dollar is so volatile it is just too expensive. I spoke to a Forex guy at Commonwealth Bank who says their economist view is it wont go much past 90c - I pray they are right. Reply
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October 2007 Sorry to say Jackie but wouldn't surprise me if it pushes past 90c. With the fall of the US Empire just around the corner I can smell the day we are oputsourcing web dev to the US as India becomes too expensive
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October 2007 It's past 90c already, I heard an economist talking on the ABC the other day talking about parity by Christmas. Our rates will rise and there's will fall which will pretty much make it a given that it will happen. It's when it gets to $1.20 or similar that harikari might be an option.
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