Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Friday, 6 January 2017

Incoming...

Zoom

It really was a thrillingly unexpected rebound for iron ore and coal spot prices in 2016 which had just begun to flow through to Aussie export prices by the end of the year.

We'd already seen in this confirmed by a number of reported Newcastle contracts earlier in December (FOB basis), but now it's in the averages reported by the official Reserve Bank charts. 


With bulk commodity export volumes on the rise too, we should see real national income rising to record highs in the first quarter of 2017.