DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - The Party Is Over In Australia As Debt And Living Costs Surge

**Dkavtbek** · 01-04-2011, 05:03 AM

Nonsense.

With growth of China and India, demand for basic commodities will continue to propel Australian economy. Currently China is the world's largest consumer of steel and cement. It is importing iron ore from India! As India progresses and builds it infra it too will need the commodities.

Australia has only 20 million people. I see good years ahead.

Finally, all economies go through cycles. So there will be the usual boom and bust. Strong finances will allow Gov to mitigate the bust, (provide the stimulus and social safety nets).

Horseshite again!
Arsetralia is in deep trouble because the AUD is rising higher than USD. Translation: Because it's an EXPORT dependent country, a very high AUD means its produce & the crap that it digs out from the land, are too expensive for its usual clients who now look for alternate resource providers in Africa & South America.

01-04-2011, 05:03 AM	#6
Dkavtbek Join Date Nov 2005 Posts 465 Senior Member	Nonsense. With growth of China and India, demand for basic commodities will continue to propel Australian economy. Currently China is the world's largest consumer of steel and cement. It is importing iron ore from India! As India progresses and builds it infra it too will need the commodities. Australia has only 20 million people. I see good years ahead. Finally, all economies go through cycles. So there will be the usual boom and bust. Strong finances will allow Gov to mitigate the bust, (provide the stimulus and social safety nets). Horseshite again! Arsetralia is in deep trouble because the AUD is rising higher than USD. Translation: Because it's an EXPORT dependent country, a very high AUD means its produce & the crap that it digs out from the land, are too expensive for its usual clients who now look for alternate resource providers in Africa & South America.
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