RE: Sydney Prices
Our fuel prices has always been more expensive pro rata than the US.
Regarding the strength of the Aussie dollar, it's the same old, same old, bad for exporters good for importers and those going OS on holiday.As of today we are back to not much above parity with the US $.Our interest rates are high compared to most of the rest of the world, we are floating on a mineral resources boom which feeds the Asian economies, especially China.
We have a bit of a two speed economy at the moment, mining and minerals are doing very well, the rest of the economy is holding its own at best. We seem to have pretty much given up on expanding our manufactoring base, which could be a worry in the future.I am no economist, however IMHO I think a country needs to make things, not just dig things up or serve coffee.