- Is the global economy on the path of recovery? Watching CNBS, you get the impression that the stock market is rallying and the economy is growing. I don’t think so. The Illuminists manipulate the stock market and major commodities to set the illusion for the sheeple. They depress the price of gold and silver to protect their fiat currency (USD) hegemony. The Baltic Dry Index and copper are showing signs of extreme weakness. Coupled with a slowing Chinese economy and Eurozone recession, the world is heading towards massive economic storms.
Baltic Dry, Dr. Copper Flashing Warning Signs!
By Carolyn Cui, http://blogs.wsj.com/marketbeat
Please forgive us for spoiling the fun. But here are some signs that don’t square with the optimism exhibited in the markets – and we think they are worth examining.
Copper, which has been given the nickname “Dr. Copper” for being a bellwether for the health of the global economy, has quietly left the party early. The metal peaked on Feb. 9 after a failed attempt to break the $4-per-pound mark. It has since fallen about 5% to $3.81 a pound, while the Dow Jones Industrial Average has edged up 0.1% and earlier this week flirted with 13000.
Also, the Baltic Dry Index, which tracks the shipping rates for bulk commodities, had sunk to 647 on Feb. 3, the lowest level in more than 25 years, before recovering in recent days. Even though there is a glut in the freight markets, the fact that shipping companies now charge as much as they did in Aug. 1986 – when oil traded around $13 a barrel – is mindboggling. Only two months into 2012, the index has already lost nearly 60%.
Of course, copper and the Baltic index are more reflective of the global economy, rather than that of the U.S. Maybe this partly explains the divergence. But if we are still living in an integrated world economy, what does this bode for the U.S.?