A Fractured Misconception
Amongst the permabulls of our race – which is basically everybody at this point – there’s this empty-headed notion that as crude oil prices plunge (an event I predicted repeatedly here on Slope), cheaper gas would make the economy boom even more. I’ve read this sentiment so often that I just had to same something – in case you think plunging oil doesn’t indicate a fundamentally worsening economy, but instead is just a “peace dividend” to the unwashed masses so they can buy more crap from China, consider what crude oil did starting in June 2008 and what followed………
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
more
Comments
