There are some who predict a recession.
Copper is the old-farts' economic barometer, and has been on a tear for a year.
Copper is surging amid a broad rally in metals from iron ore to nickel. The bellwether industrial metal has doubled in price since a nadir in March, also boosted by rapidly tightening physical markets and prospects for rebounding economic growthHowever, the prospect of serious inflation rides in the copper-price passenger seat. The Biden*-Pelosi plan to overspend beyond the imagination of FDR and Obozo (combined) is a real threat, and the recent upswing in 10-year T-yields is a sign.
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