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Our spendthrift manner will do more damage to our economy and credit lifestyle in the next couple of decades than a few years of contraction will do the Russians. They know how to do without and will survive the crunch. We are the ones that will learn that attacking Russia in any way will cost us more then we can afford.
And what? Saudi's changed their price of Arab light oil, not the oil market. West Texas Intermediate fell per the article. And OPEC doesn't set the market price while they do have influence it's the oversupply and falling demand that's moving the prices currently. If those two things didn't exist the Saudis cut is meaningless
Maybe. But Russians aren't as wimpy as Americans and people in other Western countries. They'll suck it up.
True. The Russians are a tough people and more primitive than in the west. They have a lot of soul and I like the fact that Russians are not a revengeful people. But I wouldn't want to be a Russian, ethnic or otherwise. Speaking of a revengeful people us Americans are very revengeful in our nature. If you disagree go right ahead because I will admit when I am wrong.
Its simply the same ole economic warfare seen more and more now days. I won't want to be living in Russia. But then looking just recently Putin as has acted against opposition; same as Cuba has.
What's your timeframe for your prediction and will you eat crow when it doesn't happen ?
Will you eat crow when it does? The entire so called economic recovery has been predicated on two elements, one was QE which has now ended, and the other is the oil boom which is quickly turning into the oil bust.
The stock market is supported by borrowed money, fantasy P/E ratios, and corporate stock buy backs.
The derivatives market is at all time highs, the bond market is exposed in some less than stable areas.
The demographics of the country spell recession with the boomers turning geriatric and the millennials in no position to take their place.
As South America, Russia, the EU, and Japan fall into recession, the rest of the world will soon follow.
But hey, I might be wrong, so why don't you go the other way and margin every cent you have into the market and then you can gloat when you make millions... or not.
Will you eat crow when it does? The entire so called economic recovery has been predicated on two elements, one was QE which has now ended, and the other is the oil boom which is quickly turning into the oil bust.
The stock market is supported by borrowed money, fantasy P/E ratios, and corporate stock buy backs.
The derivatives market is at all time highs, the bond market is exposed in some less than stable areas.
The demographics of the country spell recession with the boomers turning geriatric and the millennials in no position to take their place.
As South America, Russia, the EU, and Japan fall into recession, the rest of the world will soon follow.
But hey, I might be wrong, so why don't you go the other way and margin every cent you have into the market and then you can gloat when you make millions... or not.
Sure I can eat crow. Another poster did a fine job at showing your constantly negative posts of the past. Have you ever had a positive outlook?
Fwiw I can't margin my retirement accounts
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