The RBA publishes this chart which they update frequently and below I compare the July 2014 edition with May 2018. Resources were way over $40Bn a Quarter in 2014 – now just $40Bn and checking the wiggles confirms the backward slide. Rural, Services and Manufacturing have all increased since 2014. I am assuming the Chinese exchange rate is the reason but I have asked the RBA. If anybody knows reason please pass on.

Thanks to an eagle eyed reader who pinged me this.

via Errors in IPCC climate science

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June 20, 2018 at 08:11PM