Crushed consumer gives ASX wings

David Llewellyn-Smith

Tuesday 17 October 2017

Dalian iron ore is still struggling today:

Not RIO or BHP:

The RIO rally is reckless. Nobody knows what’s coming from China in next few months.

Big Gas is lovin’ it’s new guarantee as the Pensioner Killers roar:

Big Gold has no time for bears like me, lovin’ the falling AUD:

Big Sleazy is pouring it on too:

While Big Liar is mixed:

The ASX200 has surged since October 5 and the disastrous retailing report:

In opposite world, profit-smashing weakness is the key to wealth as yields get crushed and equity flies!

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.