Antinuclear

Deloitte Access Economics warning after Turnbull government approves Adani mine

Gareth Hutchens & Heath Aston, Sydney Morning Herald: http://www.smh.com.au/federal-politics/political-news/deloitte-access-economics-warning-after-turnbull-government-approves-adani-mine-20151018-gkbz27.html 19 Oct 15:  “Deloitte Access Economics has warned of a “deflationary
pulse” wending its way through the global economy, with the world “awash in supply” of hard commodities, just as the  Turnbull government has re-approved the $16 billion Adani Carmichael coal project in central Queensland.

The economic  consultancy firm says deflationary pressures have been  building globally for “the better part of three years,” with almost all of Asia – particularly China, Taiwan,  Singapore and Malaysia – seeing factory gate prices falling.  But prices for bulk commodities such as coal and iron ore are now “well and truly broken”, it says, and could tumble further and faster than forecasts allow. … ”
with Nicole Hasham

October 23, 2015 - Posted by Christina Macpherson | General News