Iron ore’s doom is at hand

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You have to forgive me this week. I’m sick (not COVID). Should be back next. Below find the latest wrap of everything China and commodities. Needless to say, it is playing out precisely as foreseen with a growing growth scare beginning to take down commodity prices and increasingly threatening all bloated markets.

Chinese authorities remain resolute as their economy slows:

Expectations for near-term easing cooled after Chinese central bank officials said that the country will maintain prudent monetary policy and that there is no shortfall in base money supply.

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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.