When Mother Market Force Takes Over Central Banking! Watch Rates Rise Even Though the Fed Doesn't
- CNN reports the US running out of space to store oil.
- At the same time, OPEC actually ramps up oil production...
Many "smart guys" allege that the drop in oil is bad for the ecomomy. I call BS. Oil prices are an input costs. Input costs are what strip revenues down to profits and potentially losses. The lower the input cost, the higher profit. What has occured was a decades long credit bubble that fueld a profligate binging on debt.