Son of BREE hands Turnbott huge Budget windfall

Advertisement

I really can’t face tearing apart Son of BREE’s quarterly forecasts again so late in the week but here’s the table for iron ore prices:

Capture

Note that these are FOB prices so add $5 for CFR. That is, according to Son of BREE, the iron ore price is going to rise serenely from here through 2021 even as volumes rocket and steel production tanks. Here is BREE versus MB on price:

Capture
Advertisement

And total revenue:

earg

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.