Okay, I am not an economist by any stretch. I agree with you on this, but what do you feel will be the repercussions? Being in Mighigan I KNOW the ramifications here because of the auto industry. What about other states and the possible effects?
All of this being driven by speculation. Oil should be around $50.00/bbl max. I have noticed that dollar has given back most of the early summer gains.
Something is going on.