Seeking Alpha

Australia faces a growing risk of recession in 2013, thanks to a scaling back of the mining...

Australia faces a growing risk of recession in 2013, thanks to a scaling back of the mining boom, says Deutsche Bank, warning of "dangerously complacent" policymakers (indeed, see the RBA minutes from last night). Look for the terms of trade - the difference between what the country pays for imports vs. what it receives for exports - to collapse 15% this year. The aussie, meanwhile, continues along near a 30-year high.
Comments (2)
  • Paulo Santos
    , contributor
    Comments (19166) | Send Message
     
    AUD/USD is going to take a huge hit.
    21 Aug 2012, 08:45 AM Reply Like
  • goldmember steve
    , contributor
    Comments (63) | Send Message
     
    Those policy makers!!!! A couple of their names are Julia Gillard (Prime Minister of Australia) and Treasurer Wayne Swan who belong to the socialist Labor Government, they have been hell bent on introducing the so called carbon tax, a tax is a tax by any other name is still a tax to stiffle business, they have failed to see the mining boom will not last for ever. What good is a big tax when you have helped kill the cash cow you get your monetary milk from. OMG!!
    21 Aug 2012, 09:23 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector