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OnMyWay

Rates are down! Keep your dollars under that mattress!

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The old story:

The new story.  Peaked on Oct. 5th, 2018 at 54.36.  Sliding ever since.  :SugarwareZ-034:

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I think many countries see the USA deficit that was out of control now being pushed to utterly ridiculous levels with the efforts to keep the economy from collapsing.  All countries are taking similar measures but their deficits started at a lower level and they are not going to the extreme of the US.

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3 hours ago, Mike J said:

All countries are taking similar measures but their deficits started at a lower level and they are not going to the extreme of the US.

I think that's a very valid point, don't quote me but I read a while back that the US deficit was already at around 115% of GDP where as Australias deficit was around 40%?

Sources in Australia are saying that the deficit this year will be of a level not seen since WW2, not sure how the USA compares with that?

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43 minutes ago, GeoffH said:

I think that's a very valid point,

There are so many variables in this, another is that Most OFW's are payed in USD and we all know how hard the OFW's got hit

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