“Actually, oil is falling off a cliff.”
The anticipation of Demand Destruction. Many big money holders anticipate a major deflation after this bubble pops...er...explodes.
We’re right on the precipice.
IMHO, it could bring down the WEF/globalist infrastructure built since Bretton Woods.
I would try and be out of debt as much as possible if those money holders are correct.
That’s my sense as well, that we are on the precipice of a demand meltdown, however that comes about. A number of bellwethers are pointing to that.
Large retailers with huge inventories
Samsung telling suppliers to stop shipping supplies
Savings rate at significant lows
Credit card debt at record highs
Consumers are almost tapped out. Things are going to get... interesting.