Mining rotation collapses

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As noted many times, the idiocy of the Australian economy often plays out in the singular goal of local fund managers.

To be long either mining or banks at the right moment, so you can outperform your peers.

That’s all there is to it in the Houses and Holes economy.

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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.