Best Economy Ever

[JohnDB]

 

[Harpy Eagle]

View attachment 984150

 

[JohnDB]

View attachment 984209

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Not related.

 

[Harpy Eagle]

Not related.

The dollar index is not related to the dollar index?

Are you ******* drunk?

Or are you just a troll?

 

[otto105]

The dollar index is not related to the dollar index?

Are you ******* drunk?

Or are you just a troll?

Troll

 

[JohnDB]

The dollar index is not related to the dollar index?

Are you ******* drunk?

Or are you just a troll?

The recession is not necessarily a function of the dollar's value.
Monetary policy has been to tighten supplies keeping its value up as Japan and other nations are selling Treasuries to pay for their programs as the WHOLE WORLD is currently in a recession.

 

[otto105]

The recession is not necessarily a function of the dollar's value.
Monetary policy has been to tighten supplies keeping its value up as Japan and other nations are selling Treasuries to pay for their programs as the WHOLE WORLD is currently in a recession.

https://www.cnn.com/2024/07/25/econ...ex.html?iid=cnn_buildContentRecirc_end_recirc

 

[JohnDB]

 

[Harpy Eagle]

The recession is not necessarily a function of the dollar's value.
Monetary policy has been to tighten supplies keeping its value up as Japan and other nations are selling Treasuries to pay for their programs as the WHOLE WORLD is currently in a recession.

Dude, you are the one that posted the dollar index first as if it was some sort of sign.

Can you not even keep up with your own post?

 

[Harpy Eagle]

 

[Harpy Eagle]

 

[JohnDB]

Dude, you are the one that posted the dollar index first as if it was some sort of sign.

Can you not even keep up with your own post?

It was not a dollar index. It was available housing inventory of completed homes for sale.

 

[JohnDB]

On a slightly positive note....

 

[Harpy Eagle]

It was not a dollar index. It was available housing inventory of completed homes for sale.

This is what you posted that I responded to....It clearly says US Dollar Index

 

[JohnDB]

This is what you posted that I responded to....It clearly says US Dollar Index

View attachment 984337

Ok...
Look carefully because this comes from a website called Fineviz. It's a common site for tracking commodities and currencies. You can view the value of anything in various currencies. It doesn't have to be in dollars.

This is cooper's trading value over the past year. And despite inflation....it's losing its value rapidly because demand is falling. Meaning plumbing and wiring are not in demand. That's everything from drills, vehicles, and homes....meaning recession and possibly depression.

 

[Harpy Eagle]

Ok...
Look carefully because this comes from a website called Fineviz. It's a common site for tracking commodities and currencies. You can view the value of anything in various currencies. It doesn't have to be in dollars.

This is cooper's trading value over the past year. And despite inflation....it's losing its value rapidly because demand is falling. Meaning plumbing and wiring are not in demand. That's everything from drills, vehicles, and homes....meaning recession and possibly depression.

Copper is up 6% YTD. Last year, 2023, there was record production worldwide for copper, an increase of almost 5% from 2022.

So, is the value going down due to over production or less demand?

 

[JohnDB]

Copper is up 6% YTD. Last year, 2023, there was record production worldwide for copper, an increase of almost 5% from 2022.

So, is the value going down due to over production or less demand?

Less demand.....that's the indication.
Because the world economy has increased the demand for copper on a regular basis as we use more electricity and electrical items as well as plumbing and plumbing fixtures (which includes brass)

Most machines these days contain some amount of copper or brass. From clocks to cars.

That's why we look at copper price to see the state of the economy....to see if things are really being sold, oversold or if the books are cooked. And there are only a handful of copper producing places. Kinda like Nickel (for batteries) only comes from a few places. And we watch these commodities for spikes or drop offs to predict what is happening with sales overall.
Copper is a much broader indicator than nickel or lumber. You cannot afford to keep mining copper aggressively if it's not being ordered. So we also will look at copper mining stocks, and purchasing manager indexes...all are not showing signs of growth but of decline.

Things are not looking positively everywhere we look. Even CEOs are dumping their own company stocks for cash.

 

[Harpy Eagle]

Less demand.....that's the indication.

No, that is just your opinion and it is based upon your hopeful desire for a recession that you have been predicting for almost 4 years

 

[JohnDB]

No, that is just your opinion and it is based upon your hopeful desire for a recession that you have been predicting for almost 4 years

I'm not the only one predicting it....because the Government has been doing EVERYTHING possible to induce a recession. It's not like what causes a recession is not known. They have deliberately done things that create a recession

We HAD (past tense) a healthy economy.

Then the pandemic and Government screwed it up. The Government has lied to everyone with economic numbers and indicators.

Now we have to pay the price .

 

[JohnDB]

Here is the link to the site itself...

Look all you wish.

Futures Copper Chart Daily

Stock screener for investors and traders, financial visualizations.

finviz.com