Anybody seen any 'Green Shoots'?
Posted on 09/24/2011 1:15:44 PM PDT by blam
Anybody seen any 'Green Shoots'?
ping
(Or is it "III" now? Perhaps it just feels that way...)
I don’t understand the logic here. Without understanding what drove copper from $3.50 to $4.50, how do you know what drove from $4.50 to $3.30? The outlook for the economy is bleak, because outlook for the economy is bleak. Sometimes financial market folks remind me of climate scientists.
I think copper is a better indicator of economic futures than oil - its not sensitive to middle east craziness. Like oil, its used throughout the economy.
There’s a simple explanation for markets this week:
When all investments are dropping. Equities. Global stocks. Commodities. Precious metals.
It is not investments which are dropping. It is currencies the investments are traded in, rising.
Why?
They are signalling a down turn in manufacturing.
Sometimes financial market folks remind me of climate scientists
Commodities traders think selling is the right bet at this time. We don’t need them to tell us the economy is crap. We already know.
Analysts are stupid. They look at oil like someone looking at reeds batting in the wind instead of cherry tree branches for information about whether a hurricane is coming.
$3.50 to $4.50 probably speculators and demand from China. The word is China’s building boom may be ending. They were using enough resources to build a city the size of Houston in a month.
Komatsu is saying they are not getting paid by developers in china. Komatsu is Caterpillar’s competition.
The “confidence” in Obama and the western and Chinese debt binge is over. People think things are not going to get better.
They sure will not with Hussein, Romney, Amigo Perry, Newt or Federal Reserve Herman Cain. The Fed is pure evil along with anyone who worked there.
“I think copper is a better indicator of economic futures than oil - its not sensitive to middle east craziness. Like oil, its used throughout the economy.”
Maybe ammo prices will fall now that the price of copper is down.
Nickel also - it's an industrial metal as well - and it's been tanking:
I was pushing a cheap, no-risk "investment" in small amounts, of the 5c piece as another inflation hedge, since the melt value at the time was about 6.5c. It's now at 4.9c, which tells me 1929 is right around the corner.
Komatsu is saying they are not getting paid by developers in china>>>>>>>>
That sure says something. ChiCom bubble economy maybe over for a while or a decade
BTW, I'm a retired chip-maker. (We were always the first to lay-off and the first to rehire.)
I don’t understand the logic here. Without understanding what drove copper from $3.50 to $4.50, how do you know what drove from $4.50 to $3.30? The outlook for the economy is bleak, because outlook for the economy is bleak. Sometimes financial market folks remind me of climate scientists.
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I agree. The fall could just be from hedge fund ‘operators’ having to sell to cover margin calls, and not “world downturn” at all.
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