Everyone is looking in the wrong place for clues about the economy. Investors are poring over every last detail of artificial intelligence—data centers, semiconductor shipments, electricity demand, and the supposedly limitless need for copper.
But copper is increasingly distorted. Its price may tell us something about the economy of the distant future, at most supply problems in the present.
Iron is telling us about the economy we actually have—and the one we are likely to get in 2027.
Video Length: 00:19:03
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