Saturday, February 1, 2014

Copper Stocks Plummets: Recession Likely to be Announced Next Quarter

Copper prices have been plummeting this month and that only means one thing a recession.  

See the news fails to look at the price of copper which is probably the most dumbest thing that anybody can do.  Copper is used for just about everything like infrastructure, the building of houses, vehicles, air conditioning units, etc.  Copper is one of the most widely used resources in this world.  Yes people like to look at the price of gold, but that is not necessarily a good predictor of the economy.  

If the price of copper continues to drop like it is then the Federal Reserve Bank will be announcing another recession.  Technically, we are in a recession...they just do not announce it to the public until the next quarter after the recession has begun.