Filed under: Forecasts, Commodities, Oil
Some economists argue the U.S. economic recovery has slowed and is veering toward a double-dip recession. Others argue the recovery has merely paused -- a normal phase after the first stage of an impressive manufacturing-led rebound.
But are there other indicators that suggest the recovery has only just begun? Despite solid earnings reports for companies of significance Intel Corporation (INTC) and General Electric Company (GE), the June-quarter earnings season is too young to suggest the economy is stronger than analysts sense.
However, inventory data on oil, copper, and aluminum do suggest the recovery may be just in its initial warm-up stretches, so says one commodity services broker.
Continue reading Are Oil, Copper, Aluminum Draw-Downs Sending an Economic Signal?
Are Oil, Copper, Aluminum Draw-Downs Sending an Economic Signal? originally appeared on BloggingStocks on Fri, 16 Jul 2010 16:40:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
Copper - Intel Corporation - BloggingStocks - Business - Metal