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Dalian is still powering today:

But Big Iron isn’t as the AUD rips:

Big Gas not happy, either:

Big Gold is downright unhappy:

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Banks are partying after APRA didn’t address risk weights. But it is surely going to…

Big Liar is going nowhere:

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ASX still stuck in the mud.

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.