Big iron dead cat screeches on

Thursday, 1 October 2015

The big iron dead cat continues to howl with BHP up 1.5% and RIO a little less. FMG is down about the same:

The idiocy spreads have stalled now as iron ore falls and share prices rebound and it interesting to note that the FMG spread is now at its most intelligent in two years:

The dead:

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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.