Hi icd,
Interesting developments for sure.
Z did mention/forecast the FRS would be 'gone' as they would have served their purpose, and another one takes its place.
BTW, look at monthly chart of Aussie dollar. Jan 2013. Futures at 105.
Cyclone Oswald - occurred Jan 2013 - damages totalled 2.28 Billion
One year later Aussie dollar at 86-88. 2 yrs later, AUD trading at 76 - 82. Of cos, other factors like China not recovering to buy their metal ores
didn't help but that cyclone was a tipping point. Now we have Cyclone Debbie, and it looks much worse, not sure of total damage tally yet.
FWIW,
dc