The NAB business confidence survey had one telling statistic from my perspective. Capital expenditure in the mining sector is at the lowest level since the survey started in 2002. I don't think I fully appreciated how many businesses benefited from the booming mining sector and to a large extent so may have been shocked by how quickly the slowdown has occurred. (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.