Australian Iron Ore Exports to China Are Slowing - But Can India Save The Day?


by Michael Grogan, First Class Analytics

With an economic slowdown in China and a fall in commodity prices, Australian iron ore exports have been hit hard. With the commodity being Australia"s largest export and accounting for over 74 billion AUD in the years 2013-14, Chinese iron ore import prices (in $ per tonne) have fallen from approximately $120 during this period to just under a current price of $60.


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What We Read Today 20 April 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEImembers.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

How To Recover Financially After A DUI

Fines, Legal Expenses, DUI CLasses and Higher Insurance Premiums are Among the Financial Challenges

Written by Liz Becker

Just being apprehended and charged with driving under the influence is a very stressful experience. But that is only the start of the stress. Next you have to deal with all of the fines and costs associated with the disposition of the charges. And the costs continue to mount up after you leave court. Everyone knows that a DUI can really drain your wallet in many ways. Since you can"t go back in time and change your decisions, its time to think about the future.



Infographic Of The Day: The Hashtag

Like any good story, let’s start at the beginning.

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Video of the Day:

The nature of work is changing. It's time to stop fighting for pointless, unfulfilling jobs, and let technology take a greater share of the work. Instead we should fight for a universal basic income so we have more choice in when and how we work.

video of day picture

FOREX NEWS by DailyForex

Aussie and Kiwi Lifted by PBOC Announcement

The People’s Bank of China announced earlier that they were slashing banks’ reserve requirements in an effort to encourage bank lending while at the same time attempting to reverse the country’s slow growth trend.

Marc Faber: Greece is Bankrupt

According to well-known investor, Marc Faber, Greece is bankrupt and should default, positing that a "geopolitical game of chess" was being played out in the region.

Stocks Down on Greek Fears

As fears of a default weighed on European and U.S. stock and bond markets, the European head of the International Monetary Fund (IMF) said on Friday that Greece’s growth projections will need to be "significantly" revised down from the estimate made last week that Greece's economy would grow by 2.5 percent this year and 3.7 percent in 2016.

Weekly Economic & Political Timeline

Again, it should be a quieter week, with the primary focus likely to fall upon the Australian Central Bank statement and Eurogroup Meetings. Get the economic and political calendar for the week of April 20, 2015 here.

Deflationary Fears Abate

Ask any consumer if they are worried about falling prices and they will give you a bemused smile and say “no”. In the experience of most of us, falling prices are only ever a transient effect, a pleasant and fleeting surprise.
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20Apr2015 Market Close: No Surprises Today, Nothing To See, Move Along. Markets Close Up, DOW Up Triple Digits

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Was Economics Better During the Great Depression?

One can never say an empirical quantity is exactly equal to a precise number.

by Dirk Ehnts, Econoblog101

I was at the INET conference last week and met many interesting and knowledgable people. One conversation was with somebody from the OECD (Organization for Economic Cooperation and Development) . He called for heterodox modelers to improve their models so that they can be used for policy advice.


Written by Gary

Markets gap up, trade sideways and close. All on minuscule volume and has investors wondering what is ahead. We have not had a heavy down session like we had on Friday without the markets continuing to fall for anther 3 or 4 sessions. Yet, today we had a session that not only recovered Friday"s losses but closed higher.

By 4 pm the major averages closed above 1.0% in gains no significant closing volume to speak of. The DOW closed up triple digits while the afternoon trading was sideways in a very narrow zone that may suggest that tomorrow will be down, ahem, maybe up.

We have discovered there are 2 types of market investors that you might find interesting - read on.

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 USA economy at a glance (boxed items are updates in last 7 days)

Gasoline Prices for Week Ending 20 April 2015 Rose Almost 8 Cents.

Econintersect: Average gasoline prices rose 7.6 cents per gallon nationwide this past week following the previous week"s 0.5 cent fall. From the same week one year ago, gas prices have fallen $1.19 a gallon.

Average prices by region and a breakdown by grade follow after "Read more....".

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