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- More pain for PIIGS: Greece run. Ireland, Portugal, Spain, Italy, Belgium.
- Obama’s no fly zone is looking like PR. FT
- Libyan war. FT
- $US sideways. Grains futures flogged. Metals crushed. Energies, gold flat.
- Greece reaches do or die. To Vima (h/t Calculated Risk)
- Ireland up for haircuts. Labour (h/t Calculated Risk)
- PIMCO dumps all Treasuries. Zero Hedge
- No OPEC capacity increase. Reuters
- RBA chief declares food shortage. The Age
- Bale closes. Newsport (h/t The Lorax)
- No oil shock. The Oz
- Six reasons to avoid Australian stocks. John Durie
- Does Glencore IPO signal top of super-cycle? Metal Miner
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.