Investors pondering the economic outlook could consult economists, equities or good old Dr Copper, the metal with a PhD in economics. James Mackintosh, investment editor, considers contradictory indicators. Here is a direct link to the video report.
It is not just copper either, see: Worst Raw-Materials slump since ’08 seen deepening: commodities. As the commodities dollar Canadian dollar is now fathoming the lows of its pre-QE support from May 2010. All of which seems to be admitting what equity markets so far chose to ignore: that QE has not created jobs, inflation or economic growth and the contraction part of the business cycle remains on deck. Ready or not…
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