Posted on 01/15/2016 1:07:43 PM PST by mykroar
Edited on 01/15/2016 1:27:40 PM PST by Admin Moderator. [history]
U.S. stocks closed sharply lower Friday ahead of a long weekend and the onslaught of earnings season, after a slew of disappointing U.S. data, a plunge in oil to below $30 a barrel, and a sell-off in Chinese stocks added to mounting concerns about slowing global growth.
Suddenly “low oil” is the culprit? I remember the MSM telling me how $100/barrel oil was dangerous because it was stealing money from consumer’s pockets. So which is it?
Funny how now one mentions the massive US Government debt, massive world debt, massive consumer debt - all supplied by our bubble blowing central banks....
Oil too low = Bad
Oil too high = Bad
Oil Just right = Bad...............
Obamanomics:
Don’t worry about the market crashing. That only affects the evil one percent. You don’t need money or a job because the government will provide you with everything for free!
It either has to be caused by low oil prices, GWB or global warming. Take your pick.
You don’t have to worry about the stock market unless your pension fund is invested in the marke...which all of them are.
That is why Obama wants to take over all IRAs, 401Ks and pensions (except for union pensions) and invest the money in risk free government bonds paying a guaranteed 0.5% per year interest. You must be protected from the evil capitalist corporations.
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