Copper Crash Suggests Deeper Depression Coming

Gonzo Lira thinks that the crash of copper price means global recession and QEx is imminent. Since copper prices have declined 25% in the last 3 weeks I think he's probably right. The metal is at the heart of the industrial economy and it's fate shows the industrial economy's fate. Gonzo suspects 9-18 months of recession and that Bernanke will roll out another QE2 money printing regimen by year end to fight deflation. It may be the mother of all printings to re-elect Obonzo.