Quote:
Originally Posted by Sprintey
All true, from what I can gather we've used the exchange rate and policy changes to weather the storm, never went through the GFC others did. The growth around these parts has been spectacular though, floated upon 125,000 worth of new housing.
The higher exchange rate didn't help our manufacturers when China stimulated post-GFC, now it has adjusted lower somewhat I'd figure they would be more competitive.
All this was done without firing the QE type programs that other countries did (possible exception the Rudd Dollars for Xmas, 2008 I think). We have yet to print out of thin air to "fix things". And in that printing lies the meteoric rise of the Dow - you can neatly correlate it or the SP500 to the size of the Fed's balance sheet.
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The two national debts have increased since 2011
USA $14.3 Trillion to $23.16 Trillion…....…61.9% increase
Australia $250 Billion to $551 Billion,........100% increase