Fortescue plunges towards $2

David Llewellyn-Smith

Tuesday, 10 March 2015

As we speak the new force in iron ore challenges $2 once more:

The 2019 bond is holding up well on the mooted refinancing:

But 2022, beyond the Minsky-free zone, ain’t:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.