Australian balance of trade back in surplus

[Sunfish]

But that's ok.....Aussies have something better to invest their money in than resources......resi property..... It's just that we need to borrow 25% of the capital from foreigners to do so. Hence our growing net foreign debt.

I still bristle when I think Xtrata bought MIM for abt $1.20/sh. Everyone said it was too cheap but if it was that cheap why didn't they own shares? Oooh noooo!

 

[WinstonWolfe]

I still bristle when I think Xtrata bought MIM for abt $1.20/sh. Everyone said it was too cheap but if it was that cheap why didn't they own shares? Oooh noooo!

hehehehe.....the irony!!!

I remember when MIM occupied most of a premium Brissie high rise.
Guess the Swiss citizens of Zug do all that work now.

But if the RBA and Pitchford think it is ok to sell out to the privately owned Glencore (>35% stake in Xstrata), then moving those jobs and profits offshore must have been in Rudd's vernacular, "in the public interest".