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Plummeting Oil Prices
Anyone That Believes That Collapsing Oil Prices Are Good For The Economy Is Crazy
By Michael Snyder Are much lower oil prices good news for the U.S. economy? Only if you like collapsing capital expenditures, rising unemployment and a potential financial implosion on Wall Street. Yes, lower gasoline prices are good news for the middle class. I certainly would rather pay two dollars for a gallon of gas than … Continue reading
Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives
By Michael Snyder Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market? The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars … Continue reading
