Market Watch with Tom Waitt

September_8th_2010.mp3 Copper - A Leading Indicator    Double dip? Recession concerns? Economic recovery? More stimulus spending required? Concerns of global recession permeate every newscast. What indicator should we watch to gauge the economy of the future?   Copper (click for larger picture) Recessionary fears are affecting communities globally and many are wondering if the situation is getting worse or if there is some improvement underway. Many gauge the U.S. dollar value or bond yield levels but both these indicators are being influenced by massive deficit spending plans globally. Gold is an indicator of fear and uncertainty not of economic activity. Historically copper prices have been a more accurate indicator of economic activity. Copper prices peaked at $4.26 a pound on, May 10th 2008 and dropped to a low of $1.25 by the end of 2008. Since that time we have seen Copper prices triple to $3.68 on April 17th 2010. China's investments in fixed urban assets such as rai