DoChenRollingBearing
Yellow Jacket
...
Well, maybe so!
Our company's sales are down, some 15% or more (year to date vs last year to date), and we cannot blame it (all) on our suppliers not sending us critical items for sale.
The price of copper and gold are down, so Peru gets less revenue. Gold production in Peru is down, so that much less income (I do not have figures for copper).
China is importing less copper and apparently less iron (iron ore, I saw somewhere just today) has hit a mere $80 / ton in Singapore (very low). China has plenty of copper, and has a lot of other things going on, most bad.
It' my case that maybe they are pointing to recession, it's not like Europe (ugh) or Japan (double ugh) is propping up the world economy. Nor, IMO, the USA.
"China & Peru Now Point to Recession?"
http://goo.gl/NRc3dg
Well, maybe so!
Our company's sales are down, some 15% or more (year to date vs last year to date), and we cannot blame it (all) on our suppliers not sending us critical items for sale.
The price of copper and gold are down, so Peru gets less revenue. Gold production in Peru is down, so that much less income (I do not have figures for copper).
China is importing less copper and apparently less iron (iron ore, I saw somewhere just today) has hit a mere $80 / ton in Singapore (very low). China has plenty of copper, and has a lot of other things going on, most bad.
It' my case that maybe they are pointing to recession, it's not like Europe (ugh) or Japan (double ugh) is propping up the world economy. Nor, IMO, the USA.
"China & Peru Now Point to Recession?"
http://goo.gl/NRc3dg