RE:RE:RE:RE:Copper testing downside resistancedcjones4396 wrote: nofluff wrote: I keep hearing that dc. I do not doubt that the channel u speak of is correct. But that is new money to hit the streets and into circulation.
So it must stimulate economy somewhat.
Just some thoughts:))
nf
Only a very small portion of the 1.9T will get into the hands of "normal everyday people". $1,400 goes to those making under 75k. Those people, mostly young and blue collar, will be utilizing those funds to pay rent (or mortgage), pay down credit card bills, purchase everyday needs like food and gas and so forth. The majority of the funds going to the states will continue to be wasted in the same manner of the past. Trust me, I have lived here and followed politics for a very long time. These politicians only care about what will keep them in power. As I said, and continue to reiterate, until we see a true stimulus package with funds specifically earmarked for infrastructure projects, very little of the 1.9T will ultimately affect the price of copper as it pertains to the US.
Personally I could care less if they kick out of the back of airplanes as they flyover, eventually it will end up in the economy and better then some things they have done in the past, anyway I never fret what I can't control,,!!