Above is a video interview that screened on Switzer TV on Friday with Roger Montgomery, head of Montgomery Investment Management, discussing the risks to the Australian economy as the mining investment boom unwinds.
Montgomery states that mining services is “cactus” and believes that the decline in mining capital expenditures are highly unlikely to be offset by rising non-mining activity, raising the real risk that Australia could slide into recession.
Nothing we don’t already know. But nice to see such risks aired on a (generally bullish) show like Switzer.
Advertisement
