Australia’s trading account seems to be in permanent deficit, and we are accumulating ever-increasing foreign debt, warns Colin Teese, a former deputy secretary of the Department of Trade. These twin problems are connected with the unique problems of the structure of Australia’s export trade.Unless you don’t care about the implications of trade deficits, the figures for August look bad. Those of us who keep records, mentally or otherwise, will recall that the July figures were, well, okay – stil…
