Loading ...re Oil……Ur quite right in yr recollections on Oil and as it slid recently that was the mantra, that it would boost consumer spending…according to the talking heads etc. Unfortunately it was clear from people like Shadow stats that the “recovery” was non existent, consequently the consumer seeing cheaper oil, just says tks, that buys me some more time from the grim reaper, rather than running down to the Mall, waving their credit cards.
One would also think that cheap oil would help the miners, but of course they have been crushed, to kill the Gold message and one can make a good case that oil was being stomped by the Rig, in order to boost consumption etc…..but now it is so low, that it threatens the entire system….The only people that ever said this lot were smart, were themselves.
We are fast approaching the time when all the lies and bullshit are being exposed, meanwhile only the Rig is keeping the mkts afloat.
Hi Mr Copper…..I ain’t disagreeing with u…yr right Global Socialism is falling apart
I hear Merkel is in deep shit, her gu’mint may collapse soon….another Socialist.