The news from this giant volcano suggests world economy getting worse — and the U.S. may be to blame
When MarketWatch last reported on data from the Mauna Loa Observatory, it painted a pretty grim story of the global economy, in April.
That observatory, on the world’s second-largest volcano, measures carbon dioxide in the atmosphere. And the decline in the 12-month average of the year-over-year change in parts per million of atmospheric carbon dioxide preceded the declines in economically sensitive commodities like oil CL.1, +0.03% and copper HG00, 1.22%.
Now the news from the volcano is that the rate at which carbon dioxide is accumulating in June dropped to the levels that were typical at...