We’ll be lucky if the DOW holds at 10,000. Meanwhile in the background, Saudi Arabia has positioned itself in the oil war that we won’t be able to afford energy independence. They are well on the way to bankrupting our domestic producers. Once again, other countries along with us will be shipping all their treasure to the House of Saud.
“We’ll be lucky if the DOW holds at 10,000. Meanwhile in the background, Saudi Arabia has positioned itself in the oil war that we won’t be able to afford energy independence. They are well on the way to bankrupting our domestic producers. Once again, other countries along with us will be shipping all their treasure to the House of Saud.”
Yea, I certainly wouldn’t mind an import duty on oil, maybe $20 or $30. It’s rather transparent what the plan is here. Also, the government needs that money to pay off their depression-rebates (along with paying for our usual deadbeats).
I’m expecting us to test the 2008-9 lows in the next few weeks when it becomes apparent that this will be dragged out for a long time and a lot more industries besides hospitality, leisure and non grocery/big box are going to get whacked AND state/local/fed budgets are exploding.