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  • bshipleyinsurance bshipleyinsurance May 9, 2013 10:43 AM Flag

    The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red

    The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red
    Submitted by Tyler Durden on 05/08/2013 16:47 -0400

    Albert Edwards Chicago PMI China Congressional Budget Office Consumer Confidence Consumer Sentiment Copper Crude David Rosenberg Equity Markets Eurozone Greece Gross Domestic Product Michigan New York Stock Exchange Personal Income Reality Recession recovery Reuters Rosenberg Unemployment University Of Michigan

    Submitted by Michael Snyder of The Economic Collapse blog,

    There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession. The Dow may have soared past the 15,000 mark, but the economic fundamentals are telling an entirely different story. If historical patterns hold up, the economy is heading for a very rocky stretch.

    For example, the price of copper is called "Dr. Copper" by many economists because it so accurately forecasts the future direction of the U.S. economy. And so far this year the price of copper is way down. But that is not the only indicator that is worrying economists. Home renovation spending has fallen dramatically, retail spending is crashing in a way not seen since the last recession, manufacturing activity and consumer confidence are both declining, and troubling economic data continues to come pouring out of Asia and Europe.

    So why do U.S. stocks continue to skyrocket? Will U.S. financial markets be able to continue to be divorced from reality? Unfortunately, as we have seen so many times in the past, when stocks do catch up with reality they tend to do so very rapidly. So you better put on your seatbelts because a crash is coming at some point.

    But most average Americans are not that concerned with the performance of the stock market. They just want to be able to go to work, pay the bills and provide for their families. During the last recession, millions of Americans lost their jobs and millions of Americans lost their homes. If we have a

    Sentiment: Sell

 
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