In case you are wondering what's made the market tank. . .
The NAB Business Survey for May just got released and the charts below are ringing the alarm bells.
Forward orders haven't been this bad since the covid crisis, and look at mining (on the right chart)! That black diamond you see there is the long run average. => Global recession!
https://business.nab.com.au/wp-content/uploads/2024/06/NAB-Monthly-Business-Survey-May-2024.pdf
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In case you are wondering what's made the market tank. . .The...
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