Australian LNG Australian recession Commodities Global Macro Iron ore price

It’s baaaaaaack….

David Llewellyn-Smith

Wednesday 17 February 2016

The Mining GFC that is. The US dollar was strong:

Commodity currencies were hammered:

Oil routed:

Base metals hit:

Miners mostly held up:

The high yield rally stalled:

US energy credit risk soared, from ZH:

And it is interesting to note what BofAML‘s big money clients are now worried about, from last month:

Now:

The Mining GFC engages all.

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.