Issue 2006 April 15
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ECONOMICS: Should the Australian dollar fall below US 40 cents . . .
Chronic policy neglect by Australian governments could see our dollar plummet in value, writes Pat Byrne.Sometime later this year, Australia’s net foreign debt is set to pass the A$500 billion mark, equivalent to over 60 per cent of this country’s annual output (gross domestic product). The foreign debt is now growing faster than economic growth, meaning that we have a diminished capacity to…
