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MacroVoices #347 Ole Hansen: Commodities Can Go Up Even In Recession

Macro Voices

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The Copper Rally Is Overdue for a Pullback

Ola: I was particularly fascinated by his comments about how it is entirely possible that we could see despite recession that commodity prices rise anyway as a result of secular inflation. He says there's just so many good reasons for copper's rally to continue with everything going on around electrification of the global economy, electric vehicles and so forth infrastructure projects. Ola: It really makes you scratch your head and say wait a minute maybe I already missed the low and I'm late to the trade and it doesn't make sense to wait this out.

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