When ‘sort of unhorrible’ is the best you can say approximately capital expenditure things are serious – but they could be worseThe release last week of the latest capital expenditure figures reminded us yet again that the mining boom is well and truly over and that this Wednesday’s GDP figures will see us hoping for a strong performance from our exports. Investment has deteriorated quickly and horribly in the past year – so much so that finding any reliable news amid the figures requires digging through an awful lot of muck. Related: Australia's transition from the mining boom is bust. Or is it? | Greg Jericho Continue reading...
Source: theguardian.com