Saving Australia from the commodity export rout

Commodity production is soaring just as China begins to slow, leading to an export rout of historical proportions. The long-term risks to the Australian economy are growing.

It’s a long time since Australia experienced anything like what is happening to our exports. It’s a rout of enormous proportions -- demand is falling or stationary, while supply is exploding. Morgan Stanley says it will send the dollar to US75c next year and could bring on a recession. (Morgan Stanley warns on recession, November 6).

Already the derivatives market is under pressure and there will be some big losses among bank-backed commodity traders who made the wrong bets.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles