Hurt So Good? Copper Down -27% Since March 3rd, Bitcoin Down -70% Since Nov ’21 (Is The Fed Killing Off The Economy Or Just Removing “Free Money”?)

In the court of The Copper King!

Copper, one of the economic measures of a growing economy, is down -27% since March 3, 2022 as recession looks more likely.

Let’s compare copper with another famous asset, Bitcoin. Bitcoin, a cryptocurrency, is down 70% since November 9, 2021.

As I discussed yesterday, The Fed’s five-year forward breakeven inflation rate has plunged to its lowest levels under Biden as the global economy is slowing.

Notice that copper prices fit pretty well with The Fed’s 5-year breakeven inflation rate.

It looks like The Fed is killing-off the economy in their quest to tame inflation.

The Biden economy doesn’t hurt so good. It hurts bad!