What puzzles me is oil price is declining while pundits tell us the economy is on fire. How does one square that?
Most economies in the world have weakened well beyond ours, it’s not really a US strength and Oil price relationship anymore.
Only thing I can figure is with lower fuel prices, it is cheaper to move product from the production line / warehouse to the store shelves so prices go down at the stores and we are left with more money in our pocket to purchase other widgets or pay down debt which opens up capital for lenders to re-lend.