Friday, September 30, 2011

It's The Economy Stupid: Copper

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


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