Copper signals another global slowdown
Posted in forecasting on September 26th, 2011 by Paul Deng – Be the first to commentCopper has been a good predictor for the health of the global economy. It is sometimes called Dr. Copper by fans because it’s seen as a better prognosticator of the economy than academics with Ph.D.s.
Copper price dropped 22% in September, and this was coincided with a nearly 10% fall in the Shanghai stock market since the end of July, and a 21% drop in Hong Kong’s Hang Seng Index.
More headwinds ahead…
