Australian recession Commodities Global Macro

AFR discovers Mining GFC, declares it over

Friday, 27 May 2016

A good piece from Patrick Commins at the AFR today:

Is an upcoming rate rise in the US about to help spark the next emerging market mini-crisis?

Some analysts think so. With the quasi-panic of January and February fresh in our minds, analysts at Morgan Stanley this week caused waves with a provocative piece of research titled The Great Bear Rally Unwind, in which they called an end to the emerging markets rally of recent months.

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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.