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We got a wake-up call when copper’s per-pound price topped $3.95 in late June. Oil (dealt with last week) has surged, too. If you check TedMag’s weekly Commodity Watch, you know that some items we track have maintained relatively high levels (e.g., natural gas and the euro)—and others have not (zinc and the Japanese yen, for example). Is there a recession going on, or isn’t there? Is it limited to the United States? Is it a slow-developing national or global pull-back? And: What’s going to happen in the rest of 2008, and beyond? We’ll tackle these questions, with some expert testimony, in the next few columns.
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