US Stocks Down 15% in 2 Weeks (user search)
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  US Stocks Down 15% in 2 Weeks (search mode)
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Author Topic: US Stocks Down 15% in 2 Weeks  (Read 7362 times)
Snowstalker Mk. II
Snowstalker
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Posts: 20,414
Palestinian Territory, Occupied


Political Matrix
E: -7.10, S: -4.35

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« on: August 09, 2011, 11:06:43 AM »

You have enough structural problems to bring down "the system".

Oil has finally given up the ghost -- $76.

Oil is basically what drove us to this point.  Expensive oil, consumer spending is lackluster... so companies don't stock up on stuff and are reluctant to hire...

Oil will crash... the economy will start to mend slowly.  And then as soon as the economy shows signs of growing again (albeit from a lower position than we are now), oil will spike again.  And the process repeats itself.

Wow, you are very off-base.  We are at this point because of poor government policy (neo-liberalism).
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