To: Texas Eagle
It’s not a mind trick, it’s the reality of there being 2 sides to every story. Cat makes a lot of stuff used by oil drillers, with oil prices low a lot of deposits are no longer profitable, oil drillers are having hard times, which means they aren’t buying as much from Cat. Every drop in price has winners and losers, every rise in price has winners and losers. What makes a price change generally good or bad is basically percentages, more folks win from dropping oil prices than lose, so it’s generally a good thing, but folks still lose.
8 posted on
01/17/2015 7:15:52 AM PST by
discostu
(The albatross begins with its vengeance A terrible curse a thirst has begun)
To: discostu
Hmm. I can feel bad for major, Muslim countries getting 50% less income from everyone in the world and feel bad about the value of CAT stock going down by 20%, or I can insist the world pay 100% more to those countries and get CAT stock back up by almost 30%.
I think I'm fine with the world cutting all oil revenues by half.
46 posted on
01/17/2015 8:13:21 AM PST by
ConservativeMind
("Humane" = "Don't pen up pets or eat meat, but allow infanticide, abortion, and euthanasia.")
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