The Guardian’s Greg Jericho has posted an interesting article today highlighting the worrying end to the mining investment boom, which relies heavily on housing investment to replace it:
One graph can often convey what is going on with amazing clarity. This is the one that demonstrates why the end of the mining boom is a problem for Australia’s economy:
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
