Iron ore prices for September 22, 2020:
Empty apartment sales have softened:
China is struggling big time to lift the consumer as they save their butts off:
Which leads only to the conclusion that MOAR empty apartments and MOAR bridges to nowhere are coming.
Brazil is slowly doing better with the virus:
I still see this price action as seasonal and will buy the dip soon.
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.
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.
Latest posts by David Llewellyn-Smith (see all)
- Goldman: “Urban flight” to continue - February 26, 2021
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- Daily iron ore price update (bad news is good news) - February 26, 2021
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