AFTER THE BOOM.

RESERVE Bank of Australia (Company); IRON ore sales & prices; PRICES; FOREIGN exchange rates; AUSTRALIAN economy; TWENTY-first century

The article focuses on the adjustments made by the Reserve Bank Board to Australia's economy. It states that the country's terms of trade soar to a level of some 75 per cent above their average due to extraordinary prices such as iron ore. Other topics tackled include the super-cycle in commodity prices, exchange rate, and significant strides made by many resource companies in reducing their production costs so as to remain viable, and in some cases still very profitable.