Links Oct 7: Bulls versus bears

Correlation bubble. FT Alphaville
More like everything pricing for QE2. Zero Hedge
ADP tank signals QE2 ahead. Econompic
Goldman says buy Euro. Sell it. Zero Hedge
Dow overbought. PragCap
Wanna be right or make money? Barry Ritholz
That definitely looks like a cup and handle on the ore chart. Bloomberg
Matched by another little one on the Baltic Dry.
And more. Bloomberg
Swift revaluation of yuan also dangerous. Michael Pettis
More suggestions for G2 cooperation. VOX
More people please. Bernard Salt
Europe’s new class war. Michael Hudson

David Llewellyn-Smith

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.


  1. Just discovered your blog Mr DLS. I missed your daily musings after you vanished from Biz Spectator. What happened there? Did Adam Carr have you moved on?