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Post by vincent on Sept 8, 2023 0:01:08 GMT 10
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Post by dennisw on Sept 8, 2023 11:45:39 GMT 10
We have to be big exporters because we don't manufacture anything any more. If it wasn't for coal, wheat. LNG and mineral ores (including rare earth minerals) Australia would be broke. We need the exports to pay the unemployment benefits and pensions.
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Post by Ian Thomas on Sept 10, 2023 22:28:35 GMT 10
When a food crisis really hits, you'd expect agri-stocks to do ok. At the moment the main Aussie ones are just bobbin' along, more or less sideways. Which suggests the crisis hasn't really arrived yet. There were food riots in Pakistan recently but nothing dramatic seems to be happening worldwide .. so far. Although prices are steadily rising - I've seem reports of shortages in Britain. Mainly non-staples like tomatoes, I think. Production shortfalls always get the headlines but it'll be disruptions to food transport by sea that'll trip off a global famine, imho. GNC's always a good one to keep in mind on that score. |
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