| Is the sharp drop in the copper price an omen that the global economy is on the verge of a sharp slowdown? Overnight, copper – which is used in a wide range of consumer and capital goods, as well as in the construction industry – traded at the lowest levels we’ve seen so far in 2011.
This is a disturbing trend for those who see the copper price as the ultimate indicator of direction of the global economy. The red metal has such a good track record in predicting future business trends that it is frequently dubbed 'Dr Copper' – the commodity with the PhD in economics..............................................Full Article: Source
|