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Dow futures off more than 300 pts; oil sinks below $28
Yahoo News ^
| January 20, 2016
| Jenny Cosgrave
Posted on 01/20/2016 4:26:34 AM PST by John W
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To: Lazamataz
We are all so screwed, thanks Obama.
41
posted on
01/20/2016 5:22:56 AM PST
by
VTenigma
(The Democratic party is the party of the mathematically challenged)
To: Alberta's Child
42
posted on
01/20/2016 5:24:37 AM PST
by
thackney
(life is fragile, handle with prayer)
To: CitizenUSA
"When everyone is selling, it might wise to look for some bargains."
Hard to expand where stagflation - regulation - out of control private/public spending/debt - corruption that everyone raises their fist at but some how gets worse after each election - lack of economic fundamentals etc... are ingrained and choking our future to death (Oh those future liabilities too).
43
posted on
01/20/2016 5:30:14 AM PST
by
rollo tomasi
(Working hard to pay for deadbeats and corrupt politicians.)
To: central_va
44
posted on
01/20/2016 5:30:48 AM PST
by
thackney
(life is fragile, handle with prayer)
To: VTenigma
Obama makes the symptoms worse; he is far from the actual causes.
45
posted on
01/20/2016 5:31:28 AM PST
by
rollo tomasi
(Working hard to pay for deadbeats and corrupt politicians.)
To: CitizenUSA; newgeezer
I know there are many folks who work in the oil industry, but I wish someone could explain how lower oil prices are so terrible for the rest of the economy. Itâs my understanding that our modern economy is very energy dependent. Cheap oil would be bad for the oil companies of course, but what about everyone else who are consumers of oil and all of the products made from it? Certainly far, far more people are oil consumers than oil producers. Maybe the drop in oil prices is really just an indicator of a bigger problem. Cheap gas should be getting used but it isn't. Gas is cheap because demand is gone. Where did it go. The hidden recession that Hussein doesn't want you to know about looks like a good deal in gas prices but it's really a symptom.
Second point: In Iowa all agricultural industries are in the tank because demand is down and the desire for ethanol is down. So there goes John Deere and the value of farm land and farm income. The company for whom I work is supported by the ethanol industry and we are really slow right now.
To: DungeonMaster
Gas is cheap because demand is gone. Demand is up, not down. Prices are down because supply grew faster than demand.
47
posted on
01/20/2016 5:39:05 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Demand is up, not down. Prices are down because supply grew faster than demand.
They did still teach that stuff when I went to school. At least to those of us who stayed awake for it.
To: Farmer Dean
I’m guessing 30% off the 18,000.
49
posted on
01/20/2016 5:53:56 AM PST
by
LS
("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))
To: LS
Market opens soon - hope it’s doesn’t open and drop 300 points or more the first 30 min of trading. :(:(:(:(
50
posted on
01/20/2016 6:14:00 AM PST
by
Mr Apple
(NO TO ALL ISLAMIC TOWEL HEAD MUSLIM RAPEFUGEES IN HALLOWEEN GOWNS !)
To: John W
No worries... China’s Plunge Protection Team is armed!
51
posted on
01/20/2016 6:15:28 AM PST
by
mrsmith
(Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
To: CitizenUSA
I know there are many folks who work in the oil industry, but I wish someone could explain how lower oil prices are so terrible for the rest of the economy. It's my understanding that our modern economy is very energy dependent.Well, yes, lower gasoline/diesel prices will help those heavily dependent on those products. However, think about this; every direct (i.e. people directly employed by the company involved in drilling/extracting, etc...) is supported by a vast network of suppliers. When one drilling rig or well is shut down, then that rig or well no longer needs any supplies, workers, or support. All those involved will have to find other places to pick up that slack, or lay people off.
On the flip side of that, for every oil worker and support person who were making money on those jobs and have found themselves out of work, there will no longer be those people spending the same amount of money in the economy.
So restaurant jobs, stores, local business, shipping, and a multitude of other jobs that were not directly related to oil production, but a beneficiary of it, will now shrink. Then those people who were making money from the results of oil jobs are no longer making money from the oil people, either.
52
posted on
01/20/2016 6:15:53 AM PST
by
IYAS9YAS
(I got nothin'.)
To: IYAS9YAS
On the flip side of that, for every oil worker and support person who were making money on those jobs and have found themselves out of work, there will no longer be those people spending the same amount of money in the economy. So restaurant jobs, stores, local business, shipping, and a multitude of other jobs that were not directly related to oil production, but a beneficiary of it, will now shrink. Then those people who were making money from the results of oil jobs are no longer making money from the oil people, either.
Replace the words "oil worker" with "manufacturing worker" and the rest would be true too.
53
posted on
01/20/2016 6:20:28 AM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: central_va
Replace the words "oil worker" with "manufacturing worker" and the rest would be true too.Yes. True.
And, jobs will shift, some will benefit, some will not. Those benefitting from low oil prices will create more jobs, and those will needs support, and will also support others. It's the nature of the free market. The problem is, we no longer have that free market.
54
posted on
01/20/2016 6:27:39 AM PST
by
IYAS9YAS
(I got nothin'.)
To: VTenigma
WE ARE UP 25 PTS, now we are screwed for sure.
55
posted on
01/20/2016 6:27:54 AM PST
by
Lazamataz
(If the Oregon occupiers are occupying a National Wildlife REFUGE, are they not now REFUGEES?)
To: VTenigma
OH NO we are down 182, now we are screwed for sure.
56
posted on
01/20/2016 6:30:11 AM PST
by
Lazamataz
(If the Oregon occupiers are occupying a National Wildlife REFUGE, are they not now REFUGEES?)
To: Mr Apple
57
posted on
01/20/2016 6:31:56 AM PST
by
John W
(Under One Year And Counting!)
To: VTenigma
OH GOD now we are down 223, now we are screwed for sure.
58
posted on
01/20/2016 6:32:43 AM PST
by
Lazamataz
(If the Oregon occupiers are occupying a National Wildlife REFUGE, are they not now REFUGEES?)
To: John W
The Obama Great Recession will ensure a GOP President.
59
posted on
01/20/2016 6:33:05 AM PST
by
1Old Pro
To: central_va
Replace the words "oil worker" with "manufacturing worker" and the rest would be true too. Yep, those making pipe, valves, fittings, pumps, motors, actuators, controllers, cables, etc..
All those people that made things the oil companies are no longer buying.
Hundreds of Billions of dollars no longer being spent by oil companies are a lot of indirects without those orders.
60
posted on
01/20/2016 6:35:41 AM PST
by
thackney
(life is fragile, handle with prayer)
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