[SkyPilot]

2015 is shaping up to be a year of reckoning.

[SkyPilot]

What many market and economic analysts are now saying (and have been saying) is that the oil price crash will affect junk bonds first, and when they go bust, the QE over-inflated stock market will quickly follow.

Falling Oil Prices Could Lead to Massive Junk Bond Defaults

[The_Media_never_lie]

One thing for sure; blacks and women will be hurt the most.

[SkyPilot]

As Oil Prices Fall, Banks Serving the Energy Industry Brace for a Jolt

[Jim Noble]

the global economy

Since there is no nation called "the globe", and there is no political community called "the globe", and there is no government that rules "the globe", and there is no money system that operates everywhere, how can there be a "global economy"?

[Star Traveler]

There are sure a lot of people in the press rooting for higher oil prices. I’m rooting for low prices. It’s helped me out a lot, thus far!

[be-baw]

Good grief. Not another one.

[Diana in Wisconsin]

“2015 is shaping up to be a year of reckoning.”

No more so than 2008 was!

And if it’s worse? Then it’s already too late for 99% of the dopes that didn’t prepare.

[Diana in Wisconsin]

‘Whatever’ Ping. ;)

[PAR35]

There is only one other time in history when we have seen anything like this happen before. That was in 2008, just prior to the worst financial crisis since the Great Depression.

Let's give the youngster credit for being willing to expose his ignorance in public.

November '85 to March '86
Oct '90 to Mar '91.

So, those of us either a bit older or who at least are willing to research rather than pontificate, know that it has happened repeatedly. And it will happen again.

[raybbr]

For years economists have been telling us low oil prices stimulated the economy. What changed?

[CapnJack]

So I guess if gas was $5.00/gal the “Global Economy” would be booming!

Yeah, whatever. The only thing booming would be oil profits. Everyone else would be paying 1/4 to 1/3 of their earnings for gas for their cars.

Any crash on the stock market will be the result of printing money like it was going out of style and dumping it in the market. Another government created disaster.

[Paladin2]

Derivatives need to die.

[Future Snake Eater]

That was in 2008, just prior to the worst financial crisis since the Great Depression.

Obama said that in every one of his speeches in the 2008 campaign. Then, when he failed to do anything about it except pass Porkulus, he said it was even worse than they'd thought, which, I suppose, means that it was the worst economy since the Black Plague.

[Amendment10]

Will somebody please refresh my memory? I thought that the financial mortgage crisis associated with 2008 was cause by homeowners who chose to try to fill their vehicle’s tanks on $4 / gallon gas instead of paying their mortgages.

[RaceBannon]

lower fuel prices also mean
CHEAPER FLIGHTS
CHEAPER DRIVING
CHEAPER MANUFACTURING COSTS
CHEAPER FOOD DUE TO CHEAPER SHIPPING COSTS

I think the Saudis are doing it to drive Fracking out of business, it will become too expensive to frack because Saudi oil is cheaper

they did that to Texas! In the 1970’s, remember? All you people over 55? Texas oil became too expensive because American wages were too high to keep pumping oil that the saudis put out for pennies on the dollar

[BeauBo]

Financial markets could be rocked, but the underlying (real) economy will be hurt much less, and will also benefit from lower oil prices in many ways.

[central_va]

A natural resources suddenly becomes abundant and inexpensive crashes the world financial markets, film at 11:00.

[kaehurowing]

Read “The Harbinger.”

[al_c]

Wow ... under Bush, high oil prices were bad. Under Obambi, low oil prices are bad. Gotta love the media. O.o

[willk]

This is bull. Millions of people now have more money to spend on other things. This will be a shot in the economies arm except in states that will raise gas taxes like California.