Down, down, prices are down!

Thursday 30 August 2012

I was accused this morning of gloating over the accident that’s transpiring in Australia’s bulk commodities. Happily a bevy of readers came to my defence.

But there is someone that is gloating over the accident and that’s FTAlphaville, which posted the following on the falling iron ore price today:

We can laugh at ourselves can’t we?

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.