Iron ore miners tumble as data weakens

Thursday, 5 March 2015

Another hefty correction is underway today in the majors with RIO down another 2% and BHP down 1.5%. FMG is holding steady following the news of its big investor and debt deals. To the indexes:

The idiocy spreads are turning but its an oil tanker not a ballerina:

Death:

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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.