NEWSFLASH! In September I will join The Conversation as its Business and Economy Editor. I have been honoured to work at The Age for the past ten years, originally alongside the legendry Tim Colebatch, and for the past four years as economics editor in my own right.

At The Conversation, my job will be to make the best thinking from Australia's 40 univerisites accessible to the widest possible audience. That means you. From the new year I will also write a weekly column.

On this site are most of the important things I have written for Fairfax and the ABC over the past few decades. I recommend the Search function. The site is a record for you, as well as me.

I'll continue to post great things from The Conversation and other places here, and also on Twitter and Facebook. Enjoy.

Monday, November 03, 2008

Commodity prices: Now that's a turndown!


Pretty sharp eh? Quite different to how it looked last month.

As the RBA puts it:

Preliminary estimates for October indicate that the Index fell by 5.1 per cent (on a monthly average basis) in SDR terms, following an increase of 0.7 per cent (revised) in September. The largest contributors to the fall in October were decreases in the prices of copper, wheat, nickel and aluminium.