Debt Rattle December 13 2014
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Marjory Collins “Italian girls watching US Army parade on Mott Street, New York” Aug 1942 • The Federal Reserve’s Language Lessons (Reuters) • After Y
[See the full post at: Debt Rattle December 13 2014]“Energy Agency cut its global demand forecast for the fourth time in five months. Prices are down 46% from this year’s highest close of $107.26 on June 20. “By taking out $58, oil is moving towards the next target $55,” said Phil Flynn, senior market analyst at Price Futures.”
It’s shit like this that just boggles the mind (mine). Four times in five months “they’ve” been, dare I say it?; wrong. Where do they divine these numbers? With a ouija board?
I think Bill Black is the only economist worth listening to; the rest are just prancing as phony witch doctors ( I mean no intent to impune legitimate witch doctors).
I think this is a seminal event (falling oil prices) and nobody knows where it will end.
Gods be good, I’m just so sick of the propagation of utter bullshit by 99% of the media; TAE excepted.
Fasten your seat-belts…
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