Oil has dropped drastically too. We are three quarters into a recession that I believe is going to be deeper and longer then anything we have seen since the great depression.
It's a double whammy, as my investments are losing value, and the dollar is losing value. I had hopes to retire in a couple years, but I think I'll still have to work. But then, I wonder if I'll end up getting laid off.
Lower fuel prices will help the economy, but will be offset by higher interest rates.
Oil has dropped drastically too. We are three quarters into a recession that I believe is going to be deeper and longer then anything we have seen since the great depression.
I left sacramento for a business trip in Tampa/clearwater last week. When i left gas was $4.68 at the cheapest station i could find. When i got back a week later gas was up to $4.95. Cheapest gas no here in NorCal is $4.95. Im so sick of the swings. Took forever to get down to $4.68 and one week to go up $.30
Yes and I can find a reason pretty much NOT to buy anything. Had my eye on a insurer but most of their money is made in Asia and it looks like Asia is doing worse than the US is. Oil stocks still too expensive. Now here is a tricky one. Do I add to an airline stock? This cheap oil must be a good thing for them?