A Dollar Warning From Asia

Many of these nations peg their currencies, formally or informally, to the greenback.
So they are getting a huge dollar liquidity kick from the carry trade, in which people borrow U.S. dollars at exceptionally low U.S. interest rates and invest them for higher returns elsewhere.
As a result, Asia's stock markets are outstripping U.S. and European bourses by a country mile.
Shanghai alone is up nearly 80% this year-to-date.
Hong Kong property is climbing through the roof, with one recent apartment sale mooted at $57 million.
Foreign investors are even getting enthusiastic again about one of the most corrupt emerging markets around—Indonesia—and dubbing it the "new China."
more...How the US's Falling Dollar Affects Asia - WSJ.com

I thought this comment was hilarious - but so true:

"Tim Geithner has been calling for a "strong dollar" but also for "market-oriented exchange rates." This mantra from the George W. Bush era has come to be understood as code that the Treasury wants a weak dollar."

Now the only question is, what to do with out humble AUD's?

Two words: consumer electronics

I think we should see this as an opportunity to do something useful with our money. Do we know of any US companies with sound fundamentals ?

Yeah... the ones that derive most of their income from abroad and aren't paid in USDs.