Australian Economy

The slaughter of the terms of trade

David Llewellyn-Smith
Thursday, 1 June 2023
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It has not yet entered the mind of the iMSM, and it almost certainly won’t until it is over, but the Australian terms of trade are being slaughtered as we speak and there is worse yet to come.

The culprits are all of our war-benefited bulk commodities.

Iron ore is crashing and will halve again yet:

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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.