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thw commodities boom is no where near over it may have a couple years along the track with a slower pace but overall i believe its 10-20 year phase at least!

Why. China is in a process of rapid urabanisation they still have a loooong way to go with millions of people a year flocking to citys the infrastructure required is huge. This urbanisation will take many many years. We also have to remember that the worlds population is increasing exponentially (which i dont think can be sustained) by anyhow with 10 Bill people by 2020 i would say there will be more demand for food, energy and commodities.

Australia doesn't only export iron and copper we export LNG , coal and have the worlds biggest uranium reserves not to mention the biggest geothermal reserves. Because we have such cheap energy sources energy intensive operations such as aluminum production etc will stay here.

i dont know alot about the current account deficite but i believe many countires have them and the global trade imbalances are the main cause. So if we address the imbalances we address the CAD.

also with food price infation we are in the grips of a drought and droughts dont last forever one day (prob sooner rather than later) we will have a strong El nina and crops will flourish. El nina looks to be currently forming now and NSW is 75% drought effected not 95% like a couple years back

<blockquote data-quote="KIWIKARLOS" data-source="post: 216880" data-attributes="member: 5715">thw commodities boom is no where near over it may have a couple years along the track with a slower pace but overall i believe its 10-20 year phase at least!Why. China is in a process of rapid urabanisation they still have a loooong way to go with millions of people a year flocking to citys the infrastructure required is huge. This urbanisation will take many many years. We also have to remember that the worlds population is increasing exponentially (which i dont think can be sustained) by anyhow with 10 Bill people by 2020 i would say there will be more demand for food, energy and commodities.Australia doesn&#039;t only export iron and copper we export LNG , coal and have the worlds biggest uranium reserves not to mention the biggest geothermal reserves. Because we have such cheap energy sources energy intensive operations such as aluminum production etc will stay here.i dont know alot about the current account deficite but i believe many countires have them and the global trade imbalances are the main cause. So if we address the imbalances we address the CAD.also with food price infation we are in the grips of a drought and droughts dont last forever one day (prob sooner rather than later) we will have a strong El nina and crops will flourish. El nina looks to be currently forming now and NSW is 75% drought effected not 95% like a couple years back</blockquote>

[QUOTE="KIWIKARLOS, post: 216880, member: 5715"] thw commodities boom is no where near over it may have a couple years along the track with a slower pace but overall i believe its 10-20 year phase at least! Why. China is in a process of rapid urabanisation they still have a loooong way to go with millions of people a year flocking to citys the infrastructure required is huge. This urbanisation will take many many years. We also have to remember that the worlds population is increasing exponentially (which i dont think can be sustained) by anyhow with 10 Bill people by 2020 i would say there will be more demand for food, energy and commodities. Australia doesn't only export iron and copper we export LNG , coal and have the worlds biggest uranium reserves not to mention the biggest geothermal reserves. Because we have such cheap energy sources energy intensive operations such as aluminum production etc will stay here. i dont know alot about the current account deficite but i believe many countires have them and the global trade imbalances are the main cause. So if we address the imbalances we address the CAD. also with food price infation we are in the grips of a drought and droughts dont last forever one day (prob sooner rather than later) we will have a strong El nina and crops will flourish. El nina looks to be currently forming now and NSW is 75% drought effected not 95% like a couple years back [/QUOTE]

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