I believe .gov is trying to avoid a panic. When oil prices fall it is a sign of decline.
I just wonder how much pressure these lower prices are putting on the leveraged domestic oil companies? Does this portend another bank bailout?
As far as an improving economy put that along side these numbers of a decreasing deficit....
09/30/2013 11,976,279,236,073.83 4,761,904,290,623.49 16,738,183,526,697.32
On 9/30/2013 there was $16,738 billion in federal debt.
09/30/2014 12,784,971,238,978.02 5,039,100,141,755.80 17,824,071,380,733.82
On 9/30/2014, the end of last fiscal year, there was $17,824 billion of federal debt.
The net increase is $1,086 billion, or $1.086 trillion dollars, not $483 billion.
h/t tickerforum
how do they keep getting away with such fuzzy math?
“When oil prices fall it is a sign of decline.”
How so?
Didn’t oil prices drop in the 90s when the economy was booming? Maybe I’m simple, but my understanding is that commodity prices are influenced, for the most part, by supply and demand. Growing demand has led to higher prices over the last decade, but now there is growing supply which has offset that.