“Terms of trade” is one of those terms of the trade that gets throw around by economists all the time. But what does it mean? The simple definition is this: it’s the ratio between export prices to import prices. If you get more for what you sell and pay less for what you buy, your terms of trade improve. And guess what people? Thanks to this particular moment in history, Australia gets a lot more for what it sells and pays a lot less for what it buys (except for crude oil).
April 18th, 2008 | Dan Denning | 9 comments | Continued Our DR Global Editions: 
Friday, December 05th, 2008
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2008-12-05 20:25 Most Comments
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At this point, who gives a s---. They've messed up everything. if money destroys itself, people will still ...
Mireille | 5Dec08 | More -
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Chris (if you read this) T.Boone's book may make an interesting Christmas pressie. Clearly, LNG and LPG will ...
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Well, first we have to realise that the boom cycle is very long, eg the last one in US lasted ...
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From everything I understand Hal gold has been artificially devalued and the final control mechanism to be used will be ...
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Nothing to get too worked up about regarding commercial real estate. I suspect the "bears" will drag out the usual ...
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The cause of all of this in one short phrase:
A corrupt legal system.
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At this point, who gives a s---. They've messed up everything. if money destroys itself, people will still ...
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