Friday, August 10, 2012

Bad news for Oz?

I've been out of the loop lately, still reading a lot, but I dislocated my shoulder not once but twice and well writing is a little bit more difficult.

But I came across this graph today that is very ominous for the Australian economy.

Iron ore is Australia's biggest export and the major fall in price can only be a sign of increasing vulnerability to changing world prices for resources and ultimately to demand from our biggest export market China.

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