ASX jumps on criminal banking BTFD

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ASX200 is again wrestling with 6000:

Of course, in context it remains paralytic:

Big Iron is again notably weak despite strong iron ore:

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Dead pensioners have never been so valuable:

Big Gold is mixed:

It’s BTFD for criminal banks:

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Big Penile Wart is mixed:

Avagoodweekend.

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.