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[erolz66]

The Sterling has not been sinking faster at all. There are currencies from first world countries declining faster than the Sterling. AUS is one of them.

A month before the referendum vote one pound sterling bought you 2.04 AUD. In the years since that up and including today one pound sterling buys you less AUD that that. By comparison one month before the referendum one Euro bought you 1.5 AUD. Today it buys you 1.9 . Dick head.

The Sterling was just declining over a longer term due to 2 things. Theresa may's stupidity and the terrorism inflicted by the EU upon the British people. Nothing more than that!

It is not THE sterling, it is just sterling. Dick head. Sterling dropped the moment we voted to leave the EU. Before anyone knew about TM 'stupidity' and before the EU did anything. Dick head.

[Paphitis]

The Sterling has not been sinking faster at all. There are currencies from first world countries declining faster than the Sterling. AUS is one of them.

A month before the referendum vote one pound sterling bought you 2.04 AUD. In the years since that up and including today one pound sterling buys you less AUD that that. By comparison one month before the referendum one Euro bought you 1.5 AUD. Today it buys you 1.9 . Dick head.

The Sterling was just declining over a longer term due to 2 things. Theresa may's stupidity and the terrorism inflicted by the EU upon the British people. Nothing more than that!

It is not THE sterling, it is just sterling. Dick head. Sterling dropped the moment we voted to leave the EU. Before anyone knew about TM 'stupidity' and before the EU did anything. Dick head.

The AUD is probably one of the most volatile currencies on the planet so it isn't a good comparison because the AUD is floated and pegged with international commodity markets. As a result, it is favoured by speculators because A LOT of money can be made from AUD.

I know people who transfer their funds between AUD and USD alone and make a packet out of that. For instance, when the markets go ballistic, the AUD also goes ballistic and reaches parity with the USD, they then buy USD and wait for the cycle to flip as commodities decrease, and buy as many AUD as possible. It's a merry go round.

Right now, the GBP is buying $2 AUD so it is about the same as pre BREXIT poll.

https://www.xe.com/currencyconverter/co ... AUD&To=GBP

[erolz66]

Right now, the GBP is buying $2 AUD so it is about the same as pre BREXIT poll.

Where as right now the Euro is up 26% on the AUD in the same period. Dick head.

[Paphitis]

Right now, the GBP is buying $2 AUD so it is about the same as pre BREXIT poll.

Where as right now the Euro is up 26% on the AUD in the same period. Dick head.

Where are commodities right now - price of OIL, GAS, Iron Ore, and Coal?

You are not comparing the same thing and this is also evidence that currency isn't an indicator for the economy. the AUD is a commodity currency. Hence volatile as hell and the currency of choice for speculators to make a shitload of money. They now what to do by looking at commodity prices with regard to the AUD.

The Australian Economy has been growing over 3% for decades now. That's twice faster than the UK economy and 300% faster than the Eurozone.

For a long time now, it has been considered to be the strongest developed economy.

All of you are economic nincompoops!

[erolz66]

You are not comparing the same thing

I am comparing how much value THE British pound has gained or lost vs the AUD with how much the Euro has gained or lost in the same period. It is exactly the same thing. GBP - zero gain. Euro - 26% gain

and this is also evidence that currency isn't an indicator for the economy.

Unless it is the Euro that loses value against another currency - then it IS an indicator of what a failure the EU is economically. Dick head.

For a long time now, it has been considered to be the strongest developed economy.

All of you are economic nincompoops!

https://www.imf.org/external/datamapper ... C/WEOWORLD

Take ANY year you like and your claim is not true. Then again what the fuck do economic nincompoops like the IMF know when compared to the great economic mind of Paphitis ?

[Paphitis]

You are not comparing the same thing

I am comparing how much value THE British pound has gained or lost vs the AUD with how much the Euro has gained or lost in the same period. It is exactly the same thing. GBP - zero gain. Euro - 26% gain

and this is also evidence that currency isn't an indicator for the economy.

Unless it is the Euro that loses value against another currency - then it IS an indicator of what a failure the EU is economically. Dick head.

For a long time now, it has been considered to be the strongest developed economy.

All of you are economic nincompoops!

https://www.imf.org/external/datamapper ... C/WEOWORLD

Take ANY year you like and your claim is not true. Then again what the fuck do economic nincompoops like the IMF know when compared to the great economic mind of Paphitis ?

The GBP is exactly at $2AUD right now. You compared them to the AUD.

As a result, they are exactly where they were pre BREXIT despite the comparison between apples and oranges.

The AUD is indexed to the World Commodity Price Index. When commodities go up, which they won't for some time, the AUD will sky rocket. We see these 10 year cycles all the time.

The EURO is losing value, like so many others. the currency of choice today is the USD and Franc.

When the Commodity price Index starts increasing, then the USD will decline to the AUD as speculators sell off USD and buy AUD. It's just a cycle.

The Sterling in its own right, after the crisis, is a very good currency. the Brits were very smart to keep it and give the EURO the middle finger.

And my claim is true because I was talking about any economy, but developed economies only (OECD). Cameroon, probably does grow faster, but that isn't a valid comparison either.

I never said the IMF were nincompoops. I am saying YOU are a nincompoop.

[erolz66]

The GBP is exactly at $2AUD right now. You compared them to the AUD.

I compared how Sterling has fared against the AUD WITH how the Euro has fared against AUD in the same period. Sterling gained nothing in that period. Euro gained 27%. Dick head.

The EURO is losing value, like so many others. the currency of choice today is the USD and Franc.

See above. GBP gains nothing against a given currency in a given time period and its a great and strong currency according to you. Euro gains 27% against that same currency in the same period and it is, according to you a shit currency. Dick head.

And my claim is true because I was talking about any economy, but developed economies only (OECD). Cameroon, probably does grow faster, but that isn't a valid comparison either.

From the IMF figures as linked.

In 2020 GDP growth

Australia 2.3 %
Norway 2.4 %
Czech Republic 2.6%
Lithuania 2.7 %
Croatia 2.7%
Luxembourg 2.8 %
Latvia 2.8 %
Slovenia 2.9 %
Estonia 2.9%
Cyprus 2.9 %
Poland 3.1 %
Hungary 3.3 %
Romania 3.5 %
Ireland 3.5%
Serbia 4%
Malta 4.3%

2010 GDP growth

Australia 2.4%
Belgium 2.7%
Estonia 2.7%
Malta 3.5%
Poland 3.6%
Germany 4.2%
Luxembourg 4.9%
Slovak Republic 5%
Sweden 6.2%

There is only one year where Australian GDP growth was greater than all the advanced economies of Europe and that was 2012 and even then they were behind Lativa. In all other years there are advanced European economies that grew GDP faster than Australia.

[Paphitis]

The GBP is exactly at $2AUD right now. You compared them to the AUD.

I compared how Sterling has fared against the AUD WITH how the Euro has fared against AUD in the same period. Sterling gained nothing in that period. Euro gained 27%. Dick head.

The EURO is losing value, like so many others. the currency of choice today is the USD and Franc.

See above. GBP gains nothing against a given currency in a given time period and its a great and strong currency according to you. Euro gains 27% against that same currency in the same period and it is, according to you a shit currency. Dick head.

And my claim is true because I was talking about any economy, but developed economies only (OECD). Cameroon, probably does grow faster, but that isn't a valid comparison either.

From the IMF figures as linked.

In 2020 GDP growth

Australia 2.3 %
Norway 2.4 %
Czech Republic 2.6%
Lithuania 2.7 %
Croatia 2.7%
Luxembourg 2.8 %
Latvia 2.8 %
Slovenia 2.9 %
Estonia 2.9%
Cyprus 2.9 %
Poland 3.1 %
Hungary 3.3 %
Romania 3.5 %
Ireland 3.5%
Serbia 4%
Malta 4.3%

2010 GDP growth

Australia 2.4%
Belgium 2.7%
Estonia 2.7%
Malta 3.5%
Poland 3.6%
Germany 4.2%
Luxembourg 4.9%
Slovak Republic 5%
Sweden 6.2%

There is only one year where Australian GDP growth was greater than all the advanced economies of Europe and that was 2012 and even then they were behind Lativa. In all other years there are advanced European economies that grew GDP faster than Australia.

rather than do a snapshot, why don't you do a year by year comparison for the last 30 years?

Here you go! The last 25 years

https://tradingeconomics.com/australia/ ... wth-annual

Or how about looking at the average growth between 1901 and 2000 (99 year period):

Australia's average GDP growth rate for the period 1901–2000 was 3.4% annually.

https://www.wikiwand.com/en/Economy_of_Australia

Or why don't you look at the period between 1960 to 2020?

https://www.ceicdata.com/en/indicator/a ... gdp-growth

2010 was GFC and also once again, low commodity prices.

You ARE INDEED a nincompoop.

[erolz66]

Here you go! The last 25 years

https://tradingeconomics.com/australia/ ... wth-annual

Sure thing. Now look at, for example, Ireland.

https://tradingeconomics.com/ireland/gdp-growth-annual

Yep data STILL does not support your claims.

Or how about looking at the average growth between 1901 and 2000 (99 year period):

Australia's average GDP growth rate for the period 1901–2000 was 3.4% annually.

Which would only support your claim if there were no other 'advanced' economies in Europe that grew as fast or faster over that period, itself a massive shifting of your original goalposts. But there are. So your original claim is still incorrect.

blah blah blah. The 737 Max will be flying again in weeks (as said over a year ago).

[Paphitis]

Here you go! The last 25 years

https://tradingeconomics.com/australia/ ... wth-annual

Sure thing. Now look at, for example, Ireland.

https://tradingeconomics.com/ireland/gdp-growth-annual

Yep data STILL does not support your claims.

Or how about looking at the average growth between 1901 and 2000 (99 year period):

Australia's average GDP growth rate for the period 1901–2000 was 3.4% annually.

Which would only support your claim if there were no other 'advanced' economies in Europe that grew as fast or faster over that period, itself a massive shifting of your original goalposts. But there are. So your original claim is still incorrect.

blah blah blah. The 737 Max will be flying again in weeks (as said over a year ago).

Ireland!

For crying out loud, Ireland nearly collapsed in 2008.

If you compare Greece to Australia, I think Greece outgrew Australia just recently but at the same time, their GDP declined by 25% since 2008.

Australia really hasn't had a decline since the 80s and even there it was less than 1% and it has averaged 3.4% since 1901. It is recognized as the fastest growing OECD.

I challenge you to find an OECD economy that has outstripped Australian growth since 1988

https://www.economist.com/the-economist ... mic-growth