Loading ...Dave from Denver…
The Oil Black Swan Is No Longer Just A Sighting…
December 10, 2014Financial Marketsadmin
It’s overhead and landing: OPEC Sees Weakest Demand for Its Crude in 12 Years in 2015
I got news for all the analysts and investors who want to believe that the U.S. economy is fine and the rest of the world is in trouble: the U.S. is BY FAR the world’s largest oil consuming country – EIA link– consuming nearly twice as much oil as #2 China.
If oil demand is weak, it’s because end-user demand is weak. That means demand from U.S. companies and consumers is weak. That means the U.S. economy is much weaker than the narrative being vomited out by Wall Street, Obama and the Fed.
“Faith” is defined as “believe without evidence.” Anyone buying stocks and fiat money-based assets is placing faith in some money deity for which there’s no evidence of existence. Over 6,000 years of civilized history, fiat currencies have a 100% failure rate. That’s 100% evidence of paper money’s validity. Gold and silver have survived that 6,000 years and stand alone as real money. Again, that would be considered fact backed by evidence.
Willem Buiter can kiss my ass…
http://investmentresearchdynamics.com/the-oil-black-swan-is-no-longer-just-a-sighting/