Australia has not recognised the change in Chinese demand for iron ore and coal
A closer look at the changes in Chinese demand for our resources indicates that it will decline sharply, with no replacement markets in sight, and that spells major economic trouble for us.
Australia's current economic Dog Days had their origin in failing to recognise early or clearly enough the effects of the 21st-century China resources boom.
Dog Days in the ancient Mediterranean were the hottest, crankiest days of summer, when people made mistakes and social relations fell apart. The name came from the observation that in the days of greatest summer heat the Dog Star, Sirius, rose above the horizon just at or before sunrise.
