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The Fortescue bubble keeps finding more air, today breaching $4 for the first time in three years:
It’s spread from the 58% iron ore price has hit new wides as well despite the discount rate falling last week towards -15%:
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Andrew arc continues to float above the carnage. But, oh, the second half…
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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.
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