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Originally Posted by Calico Jack
I remember the days of 48 cents...man it was sweet doubling my money everytime I went to the bank. It's not likely we'll be seeing that anytime again soon.
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A month or two ago I was reading an article by one economist who suggested that the natural place for the $A was around 68 cents and it would drop back to that eventually.
What surprises me is that we haven't heard much yet from the tourism industry or the miners - those guys must be bleeding big time.
Here where I live the number of backpackers coming into town certainly seems to have declined.