We are trading just under 50 dollars per barrel. Of course most people are still talking about how great low oil prices are going to be for the U.S. Economy. But again, not understanding why oil prices are coming down.
Sure, lower oil prices will be a consolation prize, it will be a benefit but there are going to be many things that are going to be happening that will more than offset that benefit. Just the way falling oil prices in 2008 were a benefit but they did not stop the stop financial crisis and it did not stop the Great Recession.
Related: Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jan 5, 2015
A New Gold Bull Market In Euros & Swiss Francs
Related topics: Gold bull market;
Related currencies: Euro Currency, Swiss Franc;
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
U.S. Economy: Is The Weak Data A Prelude To An Actual Contraction?
All of the coverage that I am hearing on the news about the economic numbers coming in weak is all, "the glass is half full." People are saying, "oh, well, the numbers are lower than we expected but the economy is still growing. Yes, it is growing a bit more slowly than we thought but it is still growing."
Well, if we are going to go from growth to contraction, we have to slow down first. Yet everybody is assuming that these trends that are now entrenched are not going to continue. If you see a sharp decelaration in growth, how do you think it is not a prelude to an actual contraction?
Related exchange trade funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Well, if we are going to go from growth to contraction, we have to slow down first. Yet everybody is assuming that these trends that are now entrenched are not going to continue. If you see a sharp decelaration in growth, how do you think it is not a prelude to an actual contraction?
Related exchange trade funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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