News

Copper prices fall

By analyst By Valentina Ruiz Leotaud Copper prices fell 0.71 per cent to $6,993 a tonne during Wednesday’s midmorning trade. Analysts say they were expecting such a dip following Tuesday’s rally when the red metal touched one-week highs and rose above $7,000 a tonne based on bullish Chinese import data. In fact, SHFE copper, the

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Falling Interest Rates

By Keith Weiner Amassing Unproductive Debt Last week, we discussed the marginal productivity of debt. This is how much each newly-borrowed dollar adds to GDP. And ever since the interest rate began its falling trend in 1981, marginal productivity of debt has tightly correlated with interest. The lower the interest rate, the less productive additional

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