Watching these both closely.
Alan Kohler graph - Australian economic pessimism at an all time low. Bearish.
@snout - I see the mining services as sensitive indicators as they often have a bit of debt and their wealth lags the commodity price increases.
Will be good guides if this is a new cycle or just a flash in the pan from monetary policy in my view.
Back-test or another GFC as cha rightly puts it.
The only way out of another GFC is more printing though so this is where gold and friends will really shine.
More likely to blame it on covid again too not debt so will be more pressure to print again in my view.
APT telling us something.
Why didn't FMG and friends respond to a 10% Fe ore price increase?
Watching these both closely.Alan Kohler graph - Australian...
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