She just doesn’t have the swag that the good Dr. Bernanke had. Perhaps it’s her lack of beard. She could’ve done anything yesterday and the market would still spit in her face today.
Emerging markets are the credit crisis of today. Nothing the Fed can do will stop the Canadians from entering debilitating depression.
As this market swan dives lower, I want you to remember who caused this: your good friends in Saudi Arabia.
In the state of Texas, high paying oil and gas jobs are being lost and low paying service jobs are being added. In other words, thanks to Saudi Arabia’s decision to break the price of oil and the US economy, our oil and gas workers are being fired and those gents are taking new jobs at the Holiday Inn.
This all happened because we hated to be dependent upon evil foreign oil. So over the past decade, we expanded our domestic oil production, levered up the debt, and made a drastic difference in where we buy our oil. We were becoming energy independent, contingent upon one minor detail. In order for this scheme to work, oil needed to trade above $75, because our cost to drill was so high.
Now we can vividly see the errors in our ways, once again.
The price of oil has been destroyed. As such, global econmic growth is now in recession. The next step will be to fetter out who has exposure to all the debt, see them go bankrupt, then watch The House of Saud celebrate our collapse, just like they did when they destroyed our buildings.
I like gold here, specifically GG.
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Wait till she starts handing out cookies….all will be well.
i celebrate the return to 1951 by ordering a pair of $170 asics 360’s NYC marathon spec. edition = artwork for your feet. as you were…
It seems that a bomb or two dropped on the Saudi oil fields would fix a lot of problems.
America is more likely to bomb Israel than anywhere in S.A.
THE MANCHURIAN CANDIDATE
Obama did it. Admit it!!
So a few thousand people in Texas are out of a job, but everyone else in America is saving thousands of dollars on there gas bill… I think we come out on top here. Thanks Texas for the effort, but you can go now and die.
It would be nice if that were true … but as low as oil has gone, nobody in CA (maybe that’s a CA problem) is saving all that much on anything. In the end, the middle class doesn’t come out on top, inflation rises, your investments go nowhere and a decade later you are poorer. Could be I’m being overly dramatic but I really don’t think people are saving all that much on gas bills because of falling oil prices.
Oil jobs were the #1 source of high paying jobs in America
You crazy? The only ones who benefit from higher priced oil are those in that industry. Fuck them. I’ll take lower gas prices for my car and boat and so will everyone else who uses petroleum products for their manufacturing.
Traderconfessions, I don’t know where you’re getting your gas but here in Idaho where I live and in Napa, CA where my vineyard is gas prices are NOT much lower.
No shit gas is still $3 plus in WA state
Love the Dead Head logo. Brings back memories (If I can remember them) lol!!
Did you know that Garcia was scuba diver? its true. He said that if he had discovered diving before drugs he would have never have touched them.
They brought the prices down once. To give us a “mindset” and now they are close to average prices.
I had to move to Idaho to get away from all the Obama butt fuckers in CA.
Your avatar name and cooments make me think of Judge Smails(sp?) from Caddyshack
How are the White Supremacists doing in Idaho nowadays?
Is Saudi Arabia burned us, they smoked OPEC.
My Canadian customers are all getting bent over by the strong dollar and cheap oil.
So, gentleman, what I am getting out of this is that America did this to herself??
Yes, we should be dependent on OPEC, Venezuela and other scumbags for our oil.
an overdue hat tip to fly $casy no heat for months