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

To: Julius Wong who wrote (163604)	10/12/2020 8:07:38 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217732

Deflation about to happen to Team Australia, giving it more room to inflate Coincidences I am sure, beef, wine, tourism, students, before, and coal now, and soon enough, iron. I am sure all coincidences until embargo of manufactured goods. Ganging up as member of coalition in war has consequences by the look of progression, and by doing all-government approach the Aussie authorities tee-ed up its population for all-people’s war Doubtful as safe as when engaged in Korea and Vietnam by the people for the people against other people Can reflect on how best to treat best customer - messing w/ national security of best customer ought to and indubitably does trigger deliberated responses. Perhaps Pentagon can top-up rare earths subsidies to make up the difference for beef, wine, coal, tourism, and students. bloomberg.com China Bans Australian Coal Imports as Political Relations Sour For a fresh perspective on the stories that matter for Australian business and politics, sign up for our new weekly newsletter. China has suspended purchases of Australian coal, according to people familiar with the order, as Beijing continues to tightly control imports of the fuel amid soured political relations with Canberra. Chinese power stations and steel mills have been verbally told to immediately stop using Australian coal, the people said, asking not to be identified as the matter is private. Ports have also been told not to offload Australian coal, one of the people said. China’s customs administration wasn’t immediately available to comment. The ban marks an escalation in tensions that have already jolted agricultural exports from China’s biggest supplier of commodities. It isn’t clear when the halt might end or how it might affect long-term contracts that are already in place. The fossil fuel has been a previous target for China’s ire with what it regards as an increasingly hostile government in Canberra, most recently in 2019 when shipments became subject to port delays. It’s one of the few resources in which China is largely self-sufficient, as it mines and burns about half the world’s supply, and its utilities use lower-quality thermal coal for just a small fraction of their needs. Higher-quality coking coal is a different story. China produces less of it and the country’s steel-making giants are still reliant on overseas suppliers, where Australia is dominant, typically accounting for over half of imports. Coking Coal Australia has been the main coking coal supplier to China's steel giants Source: General Administration of Customs China is, overwhelmingly, the key buyer of Australia’s most lucrative export, iron ore, although curbs on that product would be a heavy blow to a steel industry that relies on vast -- and cheap -- supplies from mining heavyweights like Rio Tinto Group and BHP Group. More broadly, China keeps a tight grip on coal imports as it seeks to balance the needs of its miners and industrial users. The fuel still accounts for over half of its energy needs, but is falling out of favor, albeit gradually, as China shifts to cleaner burning energy to cut pollution and meet increasingly ambitious climate goals. “We are aware of these reports and have had discussions with Australia’s resources industry, who have previously faced occasional disruptions to trade flows with China,” Trade Minister Simon Birmingham said in a statement. “Australia will continue to highlight our standing as a reliable supplier of high grade resources that provide mutual benefits.” BHP Group, Australia’s biggest exporter of coking coal, didn’t immediately respond to a request for comment. China Baowu Steel Group, the nation’s biggest mill, declined to comment. The news of the coal ban was first reported by outlets including S&P Global Platts and Argus Media. — With assistance by Jason Rogers, Steven Yang, Qian Chen, Matthew Burgess, Alfred Cang, David Stringer, and Winnie Zhu Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: Julius Wong who wrote (163604)	10/12/2020 9:14:21 AM
From: Gib Bogle	Respond to of 217732

"We haven’t hit it yet, but there has to come a point where people start questioning whether government debt is really riskless. Piling on debt even in good times is a new thing: In the US, we cut taxes and increased the deficit as a consequence, but that happened when the economy was booming. How are we going to pay that back? It has to come out of taxes in the future. As a matter of fact, we didn’t really lower taxes. What we did was we lowered them now and raised them in the future, when we have to pay off that debt. That’s why I worry that investors will become skeptical of whether governments can actually pay off so much debt. Now, we’re piling on like crazy because of the Covid-pandemic. That was unavoidable, but it was avoidable in the past, when we did it in good times." This is high discount-rate behaviour. It typically leads to bad health outcomes. In this case the bad outcomes will be suffered mainly by those who are young now.