Copper & Crude Carnage Continues

Monday, August 17, 2015
By Paul Martin

by Tyler Durden

Perhaps at the margin, weak Japanese GDP – as it heads for a quintuple-dip recession – could be today’s catalyst but both crude and copper prices are re-tumbling this morning, pressing cycle lows. The USDollar is drifting higher and dos not appear a major driver today. However, broadly speaking malinvestment-driven overcapacity and the collapse of fake credit-fueled demand continue to provide the backdrop for commodity carnage…

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