Doctor Copper Is Sending Signals Our Way \ stacker news ~econ

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Doctor Copper Is Sending Signals Our Way mises.org/power-market/doctor-copper-sending-signals-our-way

111 sats \ 4 comments \ @Undisciplined 25 May 2024 econ

By Mark Thornton

The price of copper has hit an all-time high. This represents a signal about the world economy.

102 sats \ 0 replies \ @Coinsreporter 25 May 2024

Now what about artificial stimulation from the Fed, the US central bank? Well, back to Doctor Copper. The world experienced a tsunamic monetary policy because of the COVID response in 2021 when central banks, led by the FED, reduced the interest rate down to near ZERO, supposedly to help us survive Covid. That set off another artificial boom in a variety of areas, the first of which was streaming services and cardboard boxes.

100% correct. Just to mention that the economy did not survive, it actually went downward towards an ultimate pit.

69 sats \ 2 replies \ @grayruby 25 May 2024

I don't know what to make of doctor copper anymore. Is this a leading indicator of a broad based global economic uptick or a boom in very specific areas such as compute and electrification.

50 sats \ 1 reply \ @Undisciplined OP 25 May 2024

I'd say it's just one metric to keep an eye on. If it's telling a completely different story than others, then sector specific explanations are more likely.

42 sats \ 0 replies \ @grayruby 25 May 2024

That's what I am thinking. We are having a boom in certain areas that demand copper but maybe not the typical ones. Are these sectors as stimulative to the broad economy like construction is? Remains to be seen.