Anton,
"Our trade deficit now is bigger than UK". Where did you get your numbers?
The figures are both really quite small. Probably only one week of the Public Service payroll.
Australia's deficit AUD$2.46 Billion (USD $3.51 Billion)
http://dfat.gov.au/trade/resources/trade-statistics/pages/australias-trade-balance.aspx
UK deficit GBP 3,371 Billion (USD $5.2 Billion)
http://www.tradingeconomics.com/united-kingdom/balance-of-trade
"GFC-2 might be worse for Australia"
Seriously, you think we're heading into another GFC? Are you a Journalist looking for a long string of gloomy stories?
Iron Ore Price, page-2027
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