The comparisons between the economic indicators in 2008/2009 and now have been coming ad nauseum. The only way you can avoid seeing them is if you are a Fed official, a CNBC/Bloomberg/Fox Business talking head or a complete moron.
I wanted to keep this simple and just look at what is considered perhaps the best barometer of global economic activity:
You’ll note that the price of copper is headed lower and is back to the price level where it was in the middle of 2008, right before the great financial collapse. You’ll note that $3.6 trillion in Federal Reserve money printing – on top of trillions in Bank of Japan, ECB and People’s Bank of China money printing – has not been able to keep the price of copper from crashing again.
Is there anything that can keep the global financial system from collapsing? Hint…