Ivan the Terrible under the pump

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Lot’s of press today for Glencore. I’d like to claim that it is my doing following last week’s post but the profit announcement later this week is the stronger candidate.

The London Telegraph captures the swing in sentiment:

It wasn’t long ago that the founder of mining giant Glencore was widely lauded as a dealmaking genius when he floated the company on the London Stock Exchange.

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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.