Crude Oil paralleling the stock market and world economies
Posted By RichC on March 23, 2016
Looking at the Finviz chart of the wild second half of 2015 slide for crude oil, one would think we Americans would be cheering since we love driving big cars. Unfortunately lower crude prices (and prices at the pump) are also indicators of a struggling domestic and world economy. U.S. companies need strong international economies in order to sell our products and without growth, our companies are reluctant to hire workers, expand production or increase pay in the U.S. Add to that the ridiculously high corporate taxes forcing companies abroad along with excessive regulation and we’ll continue to lag. In other words, we’re not out of the woods yet.
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