Iron ore equity takes a bath

David Llewellyn-Smith

Monday, 30 March 2015

Big iron ore taking it in the team today with both RIO and BHP down 2% and FMG down 3.5%. To the index:

The equity index is falling but not as fast the iron ore price so the idiocy spreads keep on widening:

Damn its going to hurt when they close! The dead are still sinking up the joint:

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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.