March 31, 2010
The housing market, which was at the heart of the 2008 financial and stock market meltdowns, is improving but has some big hurdles ahead, says Yale economist Robert Shiller. He tells Bloomberg that “the big cloud on the horizon is the withdrawal of government support”. Shiller says where the housing market goes after government support is withdrawn will depend largely on “animal spirits”, and he puts the probability of a double-dip in housing at “50/50″.
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The red metal rose by 3% starring its highest level in nearly three months as a result of the weakness of the dollar that attracted U.S. investors Meanwhile another drop in inventories in the London Stock Exchange aimed an improving demand.
Copper closed at $ 7.770 per ton for delivery in three months on the London Metal Exchange.