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To: HomerBohn
The stock market has been propped up by trillions of taxpayer dollars since Obola took office.

This could be a sign that the recipients of that massive looting know the gig (jig?) is up.

Oil prices could be coming down simply because the world economy is so stagnant their is a glut.

8 posted on 08/22/2015 4:58:31 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Texas Eagle
Oil prices are coming down because they were artificially high to begin with. Oil is priced in U.S. dollars, and the nominally high prices we've seen have been a reflection of the weakness of the U.S. dollar relative to other currencies.

Now that so many countries are trying to devalue their currency in a "race to the bottom," the U.S. dollar has gained considerable strength. Hence, any commodity priced in dollars gets cheaper here in the U.S.

You're seeing the same thing in gold and other precious metals, too.

12 posted on 08/22/2015 5:05:56 AM PDT by Alberta's Child ("It doesn't work for me. I gotta have more cowbell!")
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