Open Thread – Thurs 3 April 2025


Skarga`s Sermon, Jan Matejko, 1864

Subscribe
Notify of
guest

1.2K Comments
Inline Feedbacks
View all comments
JC
JC
April 4, 2025 10:28 pm

Aussie dollar down 3.7% since last evening.

Change that. We’re now down 4.3% and heading into the 50s. Trading at 60.65 cents.

Last edited 16 hours ago by JC
Bill From the Bush
Bill From the Bush
April 4, 2025 10:41 pm
Reply to  JC

Aussie gold up 5% at $5120 Goldprice Au
$165 a gram Wow
I can remember a few years ago when it hit $50 a gram and we all thought how good is this.
Time to clean up all the scraps I have lying around and cash them in.

Last edited 16 hours ago by Bill From The Bush
cohenite
April 4, 2025 11:09 pm
Reply to  JC

Good. I told you about that gold explorer. Last time Trump was in Au hit A$3000oz; now it’ll hit A$6000. That’ll be further increased with the decline in the A$.

JC
JC
April 4, 2025 11:15 pm
Reply to  cohenite

Look at it like this. Measure your net worth in either gold or the Greenback. We’ve gone backwards. I only look at my net worth in US dollar terms.

Last edited 15 hours ago by JC
Barry
Barry
April 4, 2025 11:12 pm
Reply to  JC

Pretty much cancels out declines in unhedged US stocks held by Aussies.

JC
JC
April 4, 2025 11:18 pm
Reply to  Barry

Yep, if things get really ugly between the US and China, we’re the bratwurst in the roll. We’re totally rooted.

Steve trickler
Steve trickler
April 4, 2025 10:38 pm
Indolent
Indolent
April 4, 2025 10:39 pm
Cassie of Sydney
April 4, 2025 10:44 pm

Peter Dutton will immediately boot out a Chinese-owned company from the strategic Port of Darwin if he wins the May 3 election and appoint an Australian operator, or take over the lease interest using acquisition powers.

Wasn’t it a Coalition government that leased the Port of Darwin to the Chinese?

Top Ender
Top Ender
April 4, 2025 11:34 pm

No – NT Country-Liberal government. They are a completely separate party aligned with the Libs federally.

Zulu Kilo Two Alpha
Zulu Kilo Two Alpha
April 5, 2025 9:38 am
Reply to  Top Ender

Would that lease have to have been ratified or approved by the Federal Governmemnt?

JC
JC
April 4, 2025 11:46 pm

If it works, it’s a defining success:

Debt under control Manufacturing reborn Global leverage restored Trumpism vindicated in 2026

If it fails:InflationRetaliationLost midtermsStrategic drift 18 months to find out if the gamble pays off.it’s a knife edge and no one can ever say Trump doesn’t take risks.

Read the entire thread.

Last edited 14 hours ago by JC
JC
JC
April 5, 2025 12:11 am
Reply to  JC

Screwed up the layout again.

So here’s the big picture:

  • Lower yields ease the debt wall
  • Spending cuts restore fiscal discipline
  • Tariffs jumpstart domestic growth
  • And geopolitics gets rewritten in America’s favor It’s disruption by design—with enormous stakes.

If it works, it’s a defining success:

  • Debt under control
  • Manufacturing reborn
  • Global leverage restored
  • Trumpism vindicated in 2026

If it fails:

  • Inflation
  • Retaliation
  • Lost midterms
  • Strategic drift 18 months to find out if the gamble pays off.
Bruce in WA
April 5, 2025 12:57 am

Just got off an online discussion with an old friend who asserts, quite vehemently, that the decline in the value of the AUD is totally down to the “incompetence” and “corruption” of the RBA. Nothing else.

Can I convince him otherwise? How?

  1. Get down immediately and stay down, shatterzzz. That’s an order. ps. I am trying to do what I say myself…

Version 1.0.0
1.2K
0
Oh, you think that, do you? Care to put it on record?x
()
x