Copper

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Fulthrotl

Fulthrotl

~Autocorrect is My Worst Enema.~
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HB, CA (19 Hrs. 22 Min. from Winged Horses)
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E
weressl said:
Naaah, it is due to the expected increase in ammo taxing.:D
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nah, but copper and brass are used in ammunition manufacturing... i bet
that's what is driving the price up....

copper sales has a long historical precedence as an indicator in economic trends.

firearms sales has a long hitorical precedence as an indicator in political trends.

(Hk.... when you care enough to shoot the very best):D
 
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JWCELECTRIC

Senior Member
Location
Massachusetts
I see no economic trend in cooper wire pricing, it just that time of year when contruction starts to kick in gear. Same holds for a gallon of gas, here comes travel season so oil companies need to start raising prices. I think they are the only one's showing profit. How do you think we got in this mess in the first place!
 
weressl

weressl

Esteemed Member
Location
Texas by the Gulf, geat crab, great shrimp
hardworkingstiff said:
Too easy credit.
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Not really.

It is the reliance on credit.
When lending stops, everything stops.
Business buys on credit, sells on credit, pays on credit.
It is hardly different than the Ponzi Scheme, whic really should be renamed Madoff Scheme since he was MAGNITUDES greater, even in real-time $ than Ponzi. As long as there are new people keeps giving you money you can pay people who gave you money before.

Banks give out greater amount of loans than they have on deposit.

If everybody wants their money today, they don't have it. Theoretically the collaterals supposed to cover the gap but that is the problem. If everyone want's to sell their house today, in order to pay the banks back the houses (the collateral value of the lent money) could not be sold for half of the mortgage or even less because there would be a sellers glut. But that is not a problem because the banks can't lend you money, since it is tied up in the house you are trying to buy.:smile:
 
H

hardworkingstiff

Senior Member
Location
Wilmington, NC
weressl said:
Not really.

It is the reliance on credit.
When lending stops, everything stops.
Business buys on credit, sells on credit, pays on credit.
It is hardly different than the Ponzi Scheme, whic really should be renamed Madoff Scheme since he was MAGNITUDES greater, even in real-time $ than Ponzi. As long as there are new people keeps giving you money you can pay people who gave you money before.

Banks give out greater amount of loans than they have on deposit.

If everybody wants their money today, they don't have it. Theoretically the collaterals supposed to cover the gap but that is the problem. If everyone want's to sell their house today, in order to pay the banks back the houses (the collateral value of the lent money) could not be sold for half of the mortgage or even less because there would be a sellers glut. But that is not a problem because the banks can't lend you money, since it is tied up in the house you are trying to buy.:smile:
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If more traditional lending standards had been applied for the last 5-10 years we would not have had the housing bubble (of course the economy would not have been so robust either, which would have been a good thing) nor the leveraging that got out of control.

I maintain that too easy credit (lending) got us here. It led to overconsumption which led to an economy growing too fast etc. etc.
 
weressl

weressl

Esteemed Member
Location
Texas by the Gulf, geat crab, great shrimp
hardworkingstiff said:
If more traditional lending standards had been applied for the last 5-10 years we would not have had the housing bubble (of course the economy would not have been so robust either, which would have been a good thing) nor the leveraging that got out of control.

I maintain that too easy credit (lending) got us here. It led to overconsumption which led to an economy growing too fast etc. etc.
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..and that is exactly what they want you to believe.

Show me how the ballance changed when compared to 'before'? The numbers do not add up. This is a created crisis and economic warfare that is a form of World War. All wars were, are and will be for economic dominance.
 
iaov

iaov

Senior Member
Location
Rhinelander WI
Its very simple for me here in the north woods. When the stock market is OK rich people build thier dream homes here in Gods country. When the market is shakey they quit. I had two very big projects canceled last year. One of them is a go again for this summer so I think things are looking up.
 
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