Chinese house price crash surpasses US GFC

Friday, 12 April 2024

Shanghai rebar futures were flat yesterday and are going nowhere fast. SGX popped a litte:

Dalian iron ore appears to be rolling over steadily after another rally yesterday was greeted with more overnight selling:

The FE rally needs a new spur. It is unlikely to come from the economy. Sagging inflation tells the tale. Goldman:

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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.