Are you bear or bull? 8 replies
Stop raid Strategies 0 replies
US Dollar Bull or Bear for the near term (This week) 13 replies
Of course, some risks remain.
China presents the main risk. Our central case holds that China’s growth cycle is currently bottoming out, with growth forecast to pick up to 8.4% next year. This is expected to support demand for commodities and prevent prices from falling too much further.
SOURCE: scribd.com Outlook paper release 09/25/12
120925 Australian Economics Comment - This Mining Boom is Different
DislikedPaul Bloxham, CE at HSBC (very outlandish and bullish in the past)
said this:
This mining boom is different....
Australia has a long history of mining booms. These have often been followed by busts. But this one should be different. Why? Simply put, any irrational exuberance in mining has not spilled over into the broader economy this time around, as it had previously. The floating AUD has been the key part of this story. Rising commodity prices were matched by a large AUD rise, rather than rampant inflation as happened before. The AUD has held...Ignored
· One from the small biz desk. Falling profits across the small business sector have resulted in companies struggling to pay their bills and many to keep trading while insolvent, according to a major debt collection agency
· BHP was down 61 cents, or 1.83 per cent, at $32.64 despite the London Metal Exchange index finishing higher in overnight trade.
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· Chinese Foreign Minister Yang Jiechi stressed his country's claim to disputed islands with his Japanese counterpart, Koichiro Gemba, in New York on the sidelines of the UN General Assembly, Xinhua news agency reports today.
· Xinhua's brief report said Yang reiterated China's "solemn position on the issue of Diaoyu Islands, which have been China's sacred territory since ancient times
· WA targets public sector to offset fall commodity prices
The West Australian government will freeze public sector staff levels, cap leave liabilities and cut procurement costs as it tries to ward off a multimillion-dollar budget deficit due to falling commodity prices. (S: AFR.com)
· Retailers need a rate cut to survive says premier Investments today Chairman
http://www.australianbusinessjournal...ajor-investor/
o Prime Minister Julia Gillard In NY speaking on AU economy
http://www.skynews.com.au/finance/ar...aspx?id=799094
· Anglo American to cut coking coal output amid high costs, weak prices (Third largest Coal producer worldwide) http://www.theaustralian.com.au/busi...-1226481783607
· BOND SIDE Holcim (Swiss Cement Maker) Treasurers look to diversify funding base and are looking at AUD bonds again
http://www.theaustralian.com.au/busi...-1226481056794
China saves the DAY!!!
DislikedShares have recovered early losses as news China's central bank would inject 180 billion yuan into the money market bolstered investor sentiment shaken by Europe's apparent inability to manage its debt crisis.China saves the DAY!!!
Ignored
DislikedHello Cindy,
Australia's terms of trade since 2004 has increase at a whopping rate Y/Y this is part of the main reasons we saw real income growth and housing growth pick up so quickly. I agree with you that since February main commodities that track exports on Australia have been hammered and previous interest rate drops have not worked on taking the rate lower but if we should see Iron/coal/pa/pl under pressure with increase project delays the rate drops will see $A come down at a much faster rate than prior.
Check this Chart on Terms of Trade...Ignored