Wed, Oct 21, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Commentaries, Metals and Minerals more

Copper isn’t the predictor of economic doom that everyone thinks

Posted on 25 October 2016

Copper is not a good doctor. Investors believe that the metal’s price is a reliable way to gauge the health of the global economy, and have nicknamed it “Dr. Copper” for this reason. Copper is found in things like electrical cables, roofing, and other components of the largest capital projects undertaken anywhere.
And so, if copper prices fall because demand is weak, it’s seen as showing a deeper rut elsewhere in the global economy. John LaForge, head of real asset strategy at Wells Fargo Investment Institute, said copper helped predict three of the past five recessions in the US — in 1981, 2001, and 2007…………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
October 2020
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031