And forward orders:
Capex is a bit better but not for long:
All cyclical industries are folding:
States are converging on universal weakness:
In short, the economy has already regressed to the 2013/14 period when the RBA slashed rates four times (with four more ahead):
And this this time around the RBA is also toying with a property bust that could pass a tipping point for banks at any time. Nobody knows when, including the RBA.
First of four cuts must come in June.
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