Iron ore balderdash spreads

David Llewellyn-Smith

Tuesday 28 November 2023

Here’s the chart. No rebound in Chinese property sales and none coming:

And the outlook for starts versus floor area under construction:

The pace of the decline will be determined by how much public support is offered to complete projects.

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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.