How does massive savings on fuel and energy for all consumers and energy intensive-industries mean a recession is coming?
Oh right - its another massive bubble, filled with dodgy, speculative debt sold by Wall Street, based on zero interest rates and massive money printing from our soviet-style monetary authority, the Federal Reserve.
Now all that debt is crashing, and like the housing crash in 2008, its taking the financial markets with it.
Scary fact: National debt has exceeded GDP.
Paul Ryan and his buddy Obama just added another trillion or so to it with that horrible budget deal.
BEcause the energy savings don’t help when you don’t have a job to go to or money to spend shopping or a car for that matter. Energy may be crashing BECAUSE economic activity is flat or declining, not vice versa.
Yes, with so much American-”based” manufacturing on foreign soil, we’re more dependent on oil production, refining and related suppliers and services. Crash oil prices, and the rest of the economy goes with them.