| Our round-up of the week’s best comment and analysis from the Financial Times focuses on the ailing powers of “Dr Copper”, a 19th century re-run for bond markets and anti-globalisation trends battering the Mexican peso and City of London. Copper got its nickname in the early 1980s as an accurate forecaster of US recessions and this reputation was enhanced as China became the world’s biggest consumer of the red metal.
“Is Dr Copper sick? Despite Beijing trying to turbocharge the economy with credit, the copper price is only up about 5 per cent [this year] to $4,700 a tonne, even though it is widely used in construction and property............................................Full Article: Source |