Wednesday, October 01, 2008

Meanwhile, Australia is raking it in

despite what you've heard

The Reserve Bank has just released its latest monthly index of commodity prices - the ones Australia sells.

It's looking better than good:

Alan Kohler thinks it worn't last:

"Australia’s terms of trade boom is over, whatever happens in China, and if China’s economy also slows significantly, then the Australian economy is in serious trouble."

But it is lasting, well into the crisis.