Metal of the Past, Metal of the Future
Copper, the first metal worked by humans, will be crucial to decarbonization, and could be the path to a Chinese Century.
Most are covered in this NYT piece. It mentions a surprise jump in first-time unemployment claims and a strong bounceback by the Shanghai Composite Index, which has lost some 20% of its value in the last couple of weeks.
Calculated Risk has this update on 2Q mortgage delinquencies.
Regarding the situation in China, comments in FT Alphaville and the FT itself elucidate the bounceback a bit.
Finally, the Philadelphia Index of Manufacturing Activity unexpectedly expanded in August for the first time in a year.
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