Australia headed for super surplus

Pretty interesting and positive read on the economy

Australia headed for super surplus: Exante

 

Pretty stupid article hyping the coming surplus we are gonna get from sky-high iron ore prices. Any surplus will only be temporary and as volatile as prices of commodities are.

Once Brazil vale mines resume production of iron ore, prices will race back to the bottom and we will have an even bigger deficits then. Lng demand is going to fall too as Japan is turning it's nuclear plants back on.

Coal is another commodity prone to volatile prices.

How can aud ever have reserve currency like qualities if our economy and any surplus is predicated on commodity prices?

 

@Kangabanga , reread the article. His main point is about super funds accumulating overseas assets...

 

We cant read it if we aren't subscribers.

If something is about Superannuation, we write Super with a capital. Otherwise your heading reads as though you are writing about the Surplus.

 

Go to google and search for 'Australia headed for super surplus: Exante' , click on the link and you should be able to read it ...

 

Still no. Dont you think we have already tried that?
Why would the media companies have subscriptions if the Average Jo can circumvent it.

 

Your ignorance is not my problem.
Nevertheless, disable Javascript on your browser and the link will work

 

This article is about Current Account Surplus and Trade Surplus
which is NOT the same as a Government Budget Surplus.

Some silly AFR editor wrote click-bait headline title it seems.

 

Worked for me on the iPad.
Anyway, interesting.

“There are a lot of moving parts. But since Super was formalised in 1992, gross foreign assets are compounding around six per cent a year versus gross foreign liabilities at around three and a half per cent. So it’s certainly plausible. Simple compounding sees Australia as a net creditor in the next 10 to 15 years."

If that were to occur it would mark an end in the longstanding view that Australia was a capital dependent debtor nation vulnerable to the whims of foreign financiers.

And it would negate one of the structural concerns of credit rating agencies when analysing Australia.

 

Thanks Paul, I have written your advice on a sticky note for next time.

 

Can't wait till iron ore hits $200/tonne!

This country will be rolling in cash. If a generous Labor govt gets control of it, we will truly be the lucky country.

There will be free everything.......uni's, health, roads, pink batts etc

 

Doesn't everyone have a subscription? #FWP

Free beer?

 

Only Tooheys.

 

Old, of course.

 

And TED.

 

I don't have a subscription, but I was able to read the article in full.
It's called creative discovering.

 

That works a treat (as my login didn't work).

 

I gues

No need to shoot the messenger. Some people just see what they want to see. It didn't say that. It said the first surplus may have been driven by a surge in commodity prices It then goes on to report that analysis suggest the surplus may be maintained by a structural trend and global inflows.