{"id":10340,"date":"2015-07-24T07:00:25","date_gmt":"2015-07-24T12:00:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10340"},"modified":"2015-07-24T07:01:41","modified_gmt":"2015-07-24T12:01:41","slug":"10340","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10340","title":{"rendered":"Copper, China And World Trade Are All Screaming That The Next Economic Crisis Is Here"},"content":{"rendered":"

Copper, China And World Trade Are All Screaming That The Next Economic Crisis Is Here<\/a><\/h3>\n

\"Screaming<\/a>If you are looking for a \u201ccanary in a coal mine\u201d type of warning for the entire global economy, you have a whole bunch to pick from right now.\u00a0 \u201cDr. Copper\u201d just hit a six year low, Morgan Stanley is warning that this could be the worst oil price crash\u00a0in 45 years<\/a>, the Chinese economy is suddenly stalling out, and world trade is falling at the fastest pace that we have seen since the last financial crisis.\u00a0 In order not to see all of the signs that are pointing toward a global economic slowdown, you would have to be willingly blind.\u00a0 In recent months, I have been writing\u00a0article<\/a>\u00a0after\u00a0article<\/a>\u00a0detailing how the exact same patterns that happened just before the stock market crash of 2008 are playing out once again.\u00a0 We are watching a slow-motion train wreck unfold right before our eyes, and things are only going to get worse from here.<\/p>\n

Copper is referred to as \u201cDr. Copper\u201d because it does such an excellent job of indicating where economic conditions are heading next.\u00a0 We saw this in 2008, when the price of copper started crashing big time in the months leading up to the stock market implosion.<\/p>\n

Well, now copper is crashing again.\u00a0 Just check out\u00a0this chart<\/a>.\u00a0 The price of copper plunged again on Wednesday, and it is now the lowest that it has been since the last financial crisis.\u00a0 Unfortunately, the forecast for the months ahead is not good.\u00a0 The following is what\u00a0Goldman Sachs<\/a>\u00a0is saying about copper\u2026<\/p>\n

\u201cThough we have been bearish on copper on a 12-mo forward basis for the past two and a half years, we have maintained a more bullish medium to long-term stance on the assumption of Chinese copper demand growth of 4% per annum and a major slowing in supply growth around 2017\/2018 \u2026\u00a0<\/span><\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n

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Copper, China And World Trade Are All Screaming That The Next Economic Crisis Is Here If you are looking for a \u201ccanary in a coal mine\u201d type of warning for the entire global economy, you have a whole bunch to pick from right now.\u00a0 \u201cDr. Copper\u201d just hit a six year low, Morgan Stanley is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[130,151,7500,5983,4901,7477,2731],"class_list":["post-10340","post","type-post","status-publish","format-standard","hentry","category-economics","tag-china","tag-commodities","tag-dr-copper","tag-economiccollapseblog","tag-michael-snyder","tag-morgan-stanley","tag-stock-market-crash"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10340"}],"version-history":[{"count":3,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10340\/revisions"}],"predecessor-version":[{"id":10343,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10340\/revisions\/10343"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}