It’s over you idiots!

Advertisement

Time to buy with both hands! The Pascometer has written off the mining boom thereby ensuring its shift to an altogether unimagined high. But seriously, now that BHP has outflanked yesterday’s rousing chorus of “sell ’em dirt” insiders by itself declaring the commodity super cycle dead, it’s going to be immensely entertaining to watch the rusted-on indignation of former commodity uber-bulls transform into commodity gloom told-you-soism (sadly, the reality of it won’t be so much fun). Over to you, Pascometer! (h/t the SMH for getting an embed function!)

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.