The Oil Crash May Be About Something Much Worse Than A Supply Glut

Tuesday, December 2, 2014
By Paul Martin

Ed Yardeni, Dr. Ed’s Blog
BusinessInsider.com
Dec. 2, 2014

Could it be that the plunge in oil prices isn’t just attributable to a supply glut? Perhaps the global economy has turned much weaker since the summer than widely recognized.

The Eurozone’s recovery since the summer of 2013 has been very weak. The sanctions imposed on Russia during the summer of this year seem to have hurt lots of businesses in the Eurozone. China’s anti-corruption drive has depressed demand for luxury properties and high-end consumer goods among the country’s elite. And now the plunge in oil prices will depress spending by oil-rich countries.

Let’s have a look at some of the key global economic indicators before turning to a more detailed analysis on a country-by-country basis:

The Rest…HERE

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