Predicition: The mining tax will be the downfall of labor

[Jovial Monk]

Heheheheheheheheh oh man, in a drunken late-night guest post (guess our girl had a shandy?) on my board IQ posted wtte that he would become a vigilante to defend the mining industry.

IQ being a vigilante! hahahahahahahaha Vigilantes get out from behind their keyboards old girl and you never do!

[Jovial Monk]

This is as good a place as any I guess:

The AMP chief economist, Shane Oliver, said the past 28 years was an aberration for the dollar.

He said before it began trading freely, it often traded above or around parity against the greenback and, if you made the necessary conversions, it bought $US2.40 in 1900.

''We have had it pretty easy for the past 28 years with the dollar below parity. We started to assume that was normal when quite clearly that was not the case,'' Dr Oliver said.

''Australia's economic fundamentals are also pretty good now. We have close to zero public debt and the budget deficit is under control, inflation is also under control. We are on our way to hitting $US1.05 in coming months, and my opinion is we will hit $US1.10 before the end of the year.''

http://www.smh.com.au/business/unstoppa ... 1cbyc.html