RBA says we will have a mining boom lasting beyond 2020.
They say that is unusual as mining booms usually don't last more than 15 years.
It will also be different as in the past mining booms meant double digit inflation but this time might be different because the RBA is on top of the situation.
It leaves me with a warm fuzzy feeling to know that this time is different because history is repealed and the powers to be know what to do.
max monday, page-57
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