Australia is beginning to feel the heat from the resources boom. Jobs are now being lost in the export-led manufacturing economy because ,driven ever upwards by the demand for and speculation around, its coal,iron copper,gold ,gas , uranium ,you name it , the dollar exchange rate has reached dizzy levels. It’s now at 1.05 to the US dollar when the historic average is just over 70 cents , and 1.55 to sterling when less than 3 years ago it was at 2.50 to the pound. This is a seismic shift in a short period. If only federal government economic policy had moved as quickly – and in the right direction.
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