In case of emergency break glass for Recessionberg, via Bloomie:
Australia’s Treasurer Josh Frydenberg downplayed reports that a major port in northern China has banned coal imports from Australia and says trade ties between the two nations are “exceptionally strong.”
Frydenberg cautioned against “jumping to conclusions,” after Reuters said Dalian Port Group has imposed an indefinite ban on Australian coal and will cap overall coal imports for 2019 through its harbors at 12 million tonnes.
Asked whether China had banned Australian imports, he responded: “No, they haven’t…Our ambassador will be making inquiries,” Frydenberg said.
Ah, the smile that operates under wet cement. Why make inquiries if there is no ban?
I just hope we get the full blown and not just per capita recession before he leaves office. To oversee the end of Australian exceptionalism would be unforgivable.
