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I think Ron Paul's view is just as applicable to Rudd's short sighted economic stimulus as it is to the USA. Rudd and many supporters aren't weighing the opportunity cost and the lack of options they'll have for further problems in 6 mths. Capitalism Without Capital? It has been long...

Don't forget "this country" when referring to Australia. What's wrong with saying Australia? I want to puke every time I hear it. And it is well entrenched in ABC reporters and Labor polies lexicon.......bloody chardonnay socialist urban intelligentsia think they're smart using such...

Ken, Here is one explanation from Dan Amoss from the Daily Reckoning and another from Nouriel Roubini.

Agree with your general view Greedy.... I hadn't heard China had asked Aussie to hold ore shipments, but that fits with BDI trends which have dropped 75% since May and 50% in the last month. This is a massive pullback on near future Chinese production. Of course, China has large ore stockpiles...