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Thursday, May 14, 2009

Copper, China, S&P and economic recovery

It is said that copper has a PhD degree in economics because of its remarkable reputation to predict economic recovery. This was the case during the last recession, so are we going to see the same thing happening this time around? 




China is the largest consumer of copper---with China's "green shoots" greener than anywhere in the world, we can only hope the economic recovery is indeed around the corner.  That being said, expect more robust growth in emerging markets and only anemic recovery in the US.