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 Nick Raffan |
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Nick Raffan (BA; Diploma in Geoscience, Macquarie University) has over 30 years experience as a geologist, finance professional and mineral economist. For the past 19 years he has worked within financial markets split 50:50 between the sell-side and the buy-side. Previously he was co-portfolio manager of the NYSE listed Scudder Gold Fund.
Nick spends his free time managing a soccer team, watching his daughters play soccer, gardening, bushwalking, taking lots of photographs (mainly digital these days) and when weather permits observing the cosmos through a computerized telescope. |
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The Raff Report - May 27th, 2009 
Focus on Employment -- Manufacturing and Mining Industries:
A few week »
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| Author:
Nick Raffan
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 (3) |
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| Subject: |
Raf Report |
| Posted by: |
Louis Hissink |
| Date: |
5/24/2009 |
Nick,
So true, but the cause has to be looked at the Central Banks - but then I am, perhaps, a century late since Mise' riased this in his "Theory of Money and Credit" describing the bullion crisis two centuries ago. |
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| Subject: |
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| Posted by: |
David |
| Date: |
5/24/2009 |
| Well said Mr. Raffan. Australia cannot rely purely on the mining sector for economic growth. Political elites have singlehandedly destroyed manufacturing in this country by unilaterally lowering tariffs. And what do we have to show for it? Trade deficits, high levels of debt and higher taxation |
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| Subject: |
Don`t write off agriculture |
| Posted by: |
Telford |
| Date: |
5/31/2009 |
You completely ignore agriculture as a potential for growth. The world is facing a growing food crisis, and Australia is in an excellent position to profit from food production.
Sure we make a lot of wheat, but the profit per tonne doesn't come to much. We IMPORT olives and olive oil (much more expensive than wheat), but why? Australian climate is perfect for olives, water requirements are low and olives can handle mildly saline soils.
Australian manufacturing has been held under the wing of government since Ben Chifley and WWII, and it has been a low-yield subsidised industry from then till today. The main thing it manufactures is worker contentment and votes for the ALP.
Go and take a long hard look at the manufacturing capabilities of Japan, China, S Korea, India, Vietnam, and come back and explain how Australia will compete with those.
I agree that depending on mining and retail can't work forever. The longer we keep our minerals in the ground, the more they are worth. |
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