With the price of oil hitting bottom it is starting to cripple the oil / gas industry. These high paying jobs are starting to lay off big time. This is going to hit the economy hard.
Like I said. . .
But on the positive side, oil & gas inflation was a lot/ most of what drove the economy into the ditch. I know it was for my family.
I would say that maybe instead of pouring all that money into their gas tanks, they’ll start spending money in other areas- which would help the economy, but it seems the food producers (& at ridiculous profits via foreign production) are lining up to be the next bubble.
Somebody’s always gotta get greedy.
We’ve been needing to come to our senses for a long time. These bubbles had to burst sooner or later. I don’t know how that can happen without any pain anywhere.