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To: GilGil

How can falling oil prices do anything but boost the economy.


36 posted on 08/17/2015 2:37:46 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

It hurts domestic energy producers which, in turns, costs jobs in Texas, Oklahoma, North Dakota and other Conservative states. The effects here in Texas are already becoming apparent with stores closing and vacant office buildings. All due to the Magic Negro and his bowing to the Soros/Buffett cabal as well as his fellow muzzies.


38 posted on 08/17/2015 2:42:16 PM PDT by re_nortex (DP - that's what I like about Texas)
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To: central_va

Definitely falling oil prices are excellent for Main street. Of course they are.

It is not good for Wall Street because they have made trillions of dollars in loans and oil derivatives that will destabilize the banking industry that does not have the resources to cover bad derivatives and loans and the Fed may fail at papering this mess over. The chief reason is that the reality of the economy simply cannot be hidden with bs anymore.

The other glaring issue is that every single recovery in the US has been characterized by rising gas and oil prices not collapsing ones. It means that demand of everything else is way off.

See this article for reference.

http://www.silverdoctors.com/the-economy-is-starting-to-crash-there-will-be-no-rate-hike-in-september/


45 posted on 08/17/2015 2:57:21 PM PDT by GilGil
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