Are we ready to ‘Capitulate’?
2022 has been a tough economic year. Not all bad news here in Australia but serious headwinds in China, Europe, the UK, the USA and most other continents.
In Australia we have been relatively shielded by our export industries with Iron Ore, Coal, Natural Gas and agricultural produce being in demand just about everywhere. Of course we have had a little bit of rain…? (Queenslander’s can definitely sympathise with our NSWelsh and Victorian residents at the moment).