Commodity prices continue to boom as the secular commodity bull market remains the main trend for several years to come...
... and with it mining investment in Australia. Unlike other Western developed economies which main relay on paper shuffling (financial sector), Australia also benefits from raw materials and commodity driven investments.
This is evident from the Terms of Trade, which is at a multi-century record highs and should continue at least for several years to come...
... while its good to see the Australian consumer benefiting from this investment, by de-leveraging and increasing their savings rates to over 13% per annum.
Unlike US or Eurozone economies, which are experiencing stagnation due to retrenching consumer spending, Australian GDP continues to outperform due to the benefit of raw material price increases. The secular commodity bull market trend still has legs for years to come, with prices of agriculture, energy and metals going higher from here due to one basic rule: demand and supply!
Mining has been something that has always interested me and starting a career in it might be cool. It such a dangerous job. Recently I have been really interested in finding mining jobs in Australia .
ReplyDeleteHaha, not a bad way to advertise!
ReplyDelete