In case it wasn't obvious, that was the sound of the mining construction boom vanishing into a cloud of coal dust.
Let's take a run through yesterday's Lending Finance figures to see what we can learn.
Total lending softens again
The seasonally adjusted lending finance result in September 2015 had been the highest in 7.5 years, but January saw another weaker month of lending recorded, in part due to the dampening of property investor loans.
In trend terms total lending is now only +2.1 per cent higher than one year ago, and appears to be softening.
Indeed this has happened to the extent that APRA is now beginning to sense that some of these loan reclassifications might just be a bit fishy.
Owner-occupier commitments pulled back a bit in January as I looked at on Wednesday, although major renovation activity is now increasing at last.
Lease finance, which represents only a small part of total lending finance, increased by 3.7 per cent in January.
Here's the summary chart, presented in trend terms:
Industry & state trends
Looking at commercial fixed loans by industry shows that with a couple of mega projects now dropping off the annualised data, commercial financing to the mining sector has shrunk by more than a quarter.
Fortunately for the economy at the national level, mining represents only a relatively small part of the total and a number of other industries have helped to pick up the slack, although this is unlikely to be much compensation for the struggling regions.
At the state level, Victoria (+13 per cent), Queensland (+11 per cent), and New South Wales (+8 per cent) have all enjoyed a solid uplift in commercial finance over the last year in rolling annual terms, but the other resources states of Western Australia and the Northern Territory have seen activity decline.
As noted above, property investor lending has been dampened, to be replaced by a rise in home loan activity.
There is a significant dwelling price correction in the post for Darwin, with rents also having fallen sharply.
Total lending finance has eased over the past few months, although the headline figure remains strong enough in historical terms.
Charlatans gig in Brisbane tonight, reviving the spirit of "Madchester", but with a mainly middle aged audience...