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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (107824)	10/3/2014 3:53:37 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 218639

Australia's mining industry has seen a precipitous decline in demand from China, particularly for iron ore. But also for coal and rare earths. A related issue is falling prices for their oil and gas prices exports. As the wrong-headed expectations of inflation turn to a certain reality of global deflation and slow growth in China, people who bet on the Australian Dollar (many of them leveraged) have pulled out. At $1.03 the Australian Dollar was grossly over-valued with $0.67 to $0.73 likely a fair value making U.S. prices comparable to Australia. A return to $0.50 means I send money back there again. Fortunately internal economic demand in Australia will remain strong while the overheated economy in Perth again becomes a sleepy military port town like San Diego.