Doogs, the downturn in China is well under way, IMO.
Shares in concrete companies are falling, so are banks. BDI has been down every day for three weeks now. Govt. inflation figures don't tie in with futures markets y-o-y increases, which means that the GDP deflator is understated. As if GDP wasn't understated for a whole raft of other reasons too.
Maybe the RBA have recognised this too, hence no rate rise.
