Iron ore war turns on Twiggy

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It’s still not much of a pre-iron ore inquiry debate. There is little or no understanding of how the market works, lot’s of flip-flopping between false dichotomies and media that can’t think beyond what the companies themselves are saying. But it is, nonetheless, turning against Mr Forrest, at least today.

The confusion is coming right from the top with a Prime Minister that now sets policy according to the prevailing popular breeze:

Just days after stating that “I think we do need an inquiry”, Mr Abbott shifted his language significantly on Tuesday, while opposition in the cabinet hardened over the issue and Coalition support for a Liberal-led inquiry looked increasingly remote.

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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.