Iron ore price, page-18551

The economy is anaemic enough as it is. You’ve heard central bankers say recently that we gotta get the inflation up.

Well now they may get that wish: a supply shock that could reverberate right throughout most supply chains to consumers that are already allocating most incomes to service debt at a time when monetary policy settings are at record lows.

The AUD has just touched 0.694 and never should have gone beyond 0.70 to begin with. To prove the stupidity of the market, when employment numbers were released a couple of eeekd ago, almost all of the net employment t increase was due to part time employment. Capacity utilisation % dropped yet the AUD went up because unemployment went down.

The foundations of the labour market are crumbling due to the structural changes that have taken place e over the last decade and will create more and more resistance for an economic rebound at s time when rates are at record lows.

Anyhow, a faltering dollar is good for us so bring it on