Australien.

af Thomas Man Jan 11, 2016 9:20 am

Galt er det gået, værre bliver det.

The assumption ran right to the top. Back during the Labor (Rudd/Gillard/Rudd) administrations of 2007-13, the bureaucrats at the Reserve Bank and the treasury, alongside the then treasurer Wayne Swan, forecast that China would import so much iron ore up to 2029 that the only way so much steel could be consumed was if they built more houses than there were people. There would also be infrastructure projects like airports, highways, exhibition centres and sports stadiums.

The current downturn in China is smashing the Australian mining industry via lower demand for commodities amid increased global supply, especially in iron ore.

Jernmalm er faldet 29% om året i pris siden 2011. I samme periode er kulpriserne faldet 17% om året.
Olie er faldet med 25% om året også i den periode. Det har så holdt sig længere på et højere niveau end de andre råvarer. Det er først i august 2014, at det begynder at falde og indhente de øvrige fald.

Australia, though it frequently features high on lists of the world’s most desirable locations, currently has the world’s second most indebted household sector, at 122% of GDP, soon to overtake Denmark in first place. Combined with private non-financial business sector debt, Australia has a staggering total of 203%, vastly larger than public debts at all levels of government.

Så er der endnu flextumper, der håber på, at det kan gå bare elendigt - elendigt er for mildt et udtryk.

af Thomas Man Jan 11, 2016 5:29 pm

At investorerne går i USD.

I hele mineindustrien skal der rationaliseres. så de dårlige miner lukker - så får man se om man vil tilbage. Til væsentlig forbedret pris.

Australien.

Australien.

Der er noget, der tyder på