Thread: Tony Abbott ousted as Australia's prime minister

Liberal leadership: Australian dollar gets a Malcolm Turnbull bounce

Liberal leadership: Australian dollar gets a Malcolm Turnbull bounce

Currency markets have reacted positively to news that Malcolm Turnbull has ousted Tony Abbott to become Australia's 29th prime minister, as economists predict that the coup could boost business and consumer confidence.
The Australian dollar rose to an overnight peak of US71.52c, its highest in more than two weeks, after the Liberal Party spill late on Monday. On Tuesday the Aussie further rose, fetching US71.65c in mid-morning trade.
Shortly after Mr Turnbull announced his challenge late on Monday afternoon the currency dipped to a low of US70.63c before slowly ascending after it became increasingly clear that a change in the leadership was imminent.

Abbot is a psychopath and needs locking up.

Wonder if the new bloke is any different? I reckon not. Abbot did some nasty work, and the controlled (puppeteers) know that he could not stay after that. Along comes the next puppet on a string.

Originally Posted by pseudolus

and the controlled (puppeteers) know that he could not stay after that. Along comes the next puppet on a string.

Setting the scene nicely for your next conspiracy theory!

Pseudopuss I don't know why you don't top yourself, I really don't.

They are all tarred with the same brush,only care about number one.

Tony Abbott ousted: Prime Minster could walk away with reported $300,000 pension

nice if you can get it.

^ he was 4 days short of a PM's pension

Originally Posted by baldrick

^ he was 4 days short of a PM's pension

Quality. Mind you, he will pop up working in some nice non exec jobs somewhere with massive payments for 1/2 hours work per year.

Originally Posted by baldrick

^ he was 4 days short of a PM's pension

Couldn't have happened to a nicer prick.

"did someone mention laughing whilst poor third world children die through starvation? We're the boys for the job then"
.


Rhodes scholars stick together.

Don't know much about Australian politics or economics, but the battering expats have taken on the Australian Dollar has been sad to watch. For those affected, I hope that situation improves.

Labor and Greens voters love Malcolm, Liberal voters are not so keen. And he dare not talk Republic, gay marriage or changing the flag, he will infuriate the far right of his own party. This is going to be an interesting ride!

('Liberal' party in Oz is equivalent to 'Republican' in the USA or 'Tory' in the UK. Don't know why they chose that name, they are the opposite of 'liberal'.)

All I can see that Abbott achieved was to wind back most of the initiatives of the previous government, including what they were doing on 'green' energy. It's like he was still in opposition for the last two years.

Originally Posted by BobR

but the battering expats have taken on the Australian Dollar

25 baht to the AUD is about natural level in my opinion

Originally Posted by baldrick

Originally Posted by BobR

but the battering expats have taken on the Australian Dollar

25 baht to the AUD is about natural level in my opinion

Yeah, I agree with that - 25 baht, 70 US cents. We had it good for a while there, but back to reality.

It's like 4% bank interest rates. Those paying $1m for their first house seem to think interest rates will stay that low forever.

Originally Posted by pseudolus

???????? Abbot is a mental retard. Do you really think he is capable of doing anything on his own? Feck - he can barely tie his shoe laces.

Ah, you have met and know Tony then?
No, as I thought, just another UK know it all who wants to comment on people he has no idea about.

Btw, I have met both Tony and Malcolm.

what you shook there hands.

Originally Posted by BobR

Don't know much about Australian politics or economics, but the battering expats have taken on the Australian Dollar has been sad to watch. For those affected, I hope that situation improves.

I fukking hope not, I am making a decent wage with the USD-AUD difference.

Bob's talking about sterling.