Australian recession Commodities Iron ore price

Iron ore hysteria siezes the nation

Wednesday, 9 March 2016

Today’s iron ore coverage ranges from the outright stupid:

Oil falling to $US10 a barrel. The Australian dollar plunging to US40 cents. Iron ore at $US30 a tonne and the Reserve Bank cutting the official cash rate to 1.5 per cent.

They are just a few of the “big calls” made so far this calendar year.

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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.