Copper futures fell for the third straight quarter, the longest slump since 2001, on signs that
demand will ebb in Europe and China, the world’s biggest consumer of industrial metals.
This month, (THIS MONTH!) copper prices have tumbled 25 percent.
Copper prices are telling us something, signaling a recession maybe, but exactly what they are telling us I am not yet quite sure of.
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
No comments:
Post a Comment