I am not so scared about a recession, America has had a tough time and look at their market!
Companies are finding ways to implement IT in tough times to operate on a lower cost curve, MTU can and will do the same and they will have no shortage of clients.
There is risk in mining and mining services but certain stocks can still do well in leaner times.
Australia also has a lot of debt to play with so the government will be able to assist if there are any downturns.
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