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Australian Economy

Falling back to earth – Our terms of trade collapse

Australia is now in the grip of the largest terms of trade collapse since records started in 1959, unleashing havoc on Federal budgets that will ultimately flow through to wages and household balance sheets. The terms of trade is an index calculated by the Australian Bureau of Statistics (ABS) showing

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Australian Economy

Beijing housing sales falls 35% – Iron Ore falls through $90

Data released today from Beijing’s municipal bureau of statistics show housing sales in Beijing has plunged 39.4 percent year on year to May, a further sign China’s property market is cooling. Sales of commercial buildings, which include residential and commercial property, slumped 33.6 per cent over the same period. Today,

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Australian Economy

Has the mining investment boom come to an end?

Wednesday’s decision by BHP Billiton to delay the Olympic Dam expansion could herald the end to Australia’s mining investment boom and commodities super-cycle. Debate about when or if the boom had peaked started earlier this month when a report from Deloitte Access Economics had forecast a peak for resource sector

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Australian Economy

China’s construction sector starting to slow

It wasn’t all that long ago that the experts were saying the mining boom still had another 20 to 30 years left. How quickly things can change. Just as expected, if the world starts tightening it’s purse strings, demand for product from China has to contract. Couple this with an