Quinkana

I omitted the now obvious: you stole them.

Sunny spells

stanton
please do tell us what universities you have degrees from and also provide the university world rank you have available to be able to make that statement.
I am curious to see how my 2 universities are doing ...

RichS

Don't have much to say on nuclear devices, but thought I'd throw my weight in on the currency thing:

Aus currency has always been seen as traditionally a 'commodity' currency, meaning that it fluctuates along with commodity prices. Put in over simplistic terms Aus produces raw commodities, the more people have to pay for them the more AUD they need, hence a rising in price.
Currently the big picture for this trend has focus on China, who appear to be grwoing at an arguably unsustainable rate of growth, but nonetheless are signing up huge contracts for Aus commodities. This is stimulating the AUD. The US weak dollar policy will impact net exporters, but its far more interesting to look at the AUD against TWI to see how it is faring generally, as most currencies cross rates are calculated with ref to the USD.

With regard to trade deficit - yes Australia has a large defecit, however not necessarily to the point of being uncompetitive. The strong AUD is impacting some exporters.

Aus has however, under liberal govt, run a policy of budgetry surplus, meaning its exposure as an economy to large fluctuations in interest rates is somewhat sheltered as it is not having to issue so much govt debt each year.

Inflation is still running well within RBA parameters of expectation and growth is comparitively stable and sustainable. Global factors my force a recession here, but I would say that would only be in tandem with a global downturn. Not a situation borne out by recent US figures.

I aplogogise for my lack of a degree from any institution whatsoever, but did enjoy the 'my knob is bigger than your knob' comments earlier in the post. what utter tosh from the pair of you.

Quinkana

The key $US 120 / tonne hard coking coal contract is between Nippon Steel and BHP. This will set the trend for negotiations until 2005 April. Long term gas contracts with China signed ~ a year ago.

Tradies particularly: keep an eye on opportunities in Mackay (Qld) area - expansion of the Dalyrmple Bay port may increase payrolls /pay rates in the surrounding area.

Coal price up, metals gleam

A better outline:

Asia in $800m coal play

And here:

BHP Billiton Limited and Mitsubishi Development Pty Ltd (BMA)

Annual wages bill: $334 million; employees: 4,400, average $76k / employee.

wombat42

He has'nt responded to your question.
Perhaps you have exposed him as a fraud.

Sunny spells

I think he's in the UK - if my memory serves me right, he has returned there after having been here in OZ and he's posting as much as he can to convince himself that he's done the right thing....
2 degrees are probably not enough for him to be able to make an informative decision without regrets.
University of life: where does this sit in the ranking I wonder....

RichS

whether the deals with China were struck a year ago or not is perhaps less relevant than the potential for China to have a large influence over the Aus economy with its appetite for commodities.
The rate hike by the Chinese central bank a couple of months ago stalled their growth rate and from memory hit the AUD downwards somewhat.

Quinkana

0.25%. Coal contracts are with Australia's largest trading partner: Japan.

Commodities have been in a bear trend since 1980, trend probably bottomed 2001. Commodities prices are volatile somewhat like electronic chips. Weak prices have resulted in low rates of investment / exploration in commodity production with resulting in inadequate supply and transport and consequent price increases.

Badge

Come on then Mike, what university did you go to.

And what was your second degree in?

BM

Quinkana

Stanton ?

wombat42

Still no answer.

Quinkana

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Sunny spells

makes me cringe (a genuine Dr)

MikeStanton

No, not even close. With the weapony available today, far more destruction could be wrought without most Indonesians having to leave their mosques.