Tag Archives: economy

Big, Fat, Ugly Bubble

Whether you like or hate Trump, anyone who follows finances should realize how true it was when he spoke about the current economic bubble.

Typical politician. All talk, no action. Sounds good, doesn’t work. Never going to happen. Our country is suffering because people like Secretary Clinton have made such bad decisions in terms of our jobs and in terms of what’s going on.

Now, look, we have the worst revival of an economy since the Great Depression. And believe me: We’re in a bubble right now. And the only thing that looks good is the stock market, but if you raise interest rates even a little bit, that’s going to come crashing down.

We are in a big, fat, ugly bubble. And we better be awfully careful. And we have a Fed that’s doing political things. This Janet Yellen of the Fed. The Fed is doing political — by keeping the interest rates at this level. And believe me: The day Obama goes off, and he leaves, and goes out to the golf course for the rest of his life to play golf, when they raise interest rates, you’re going to see some very bad things happen, because the Fed is not doing their job. The Fed is being more political than Secretary Clinton.

Sadly, he’s dead on about that one. The amazing part is that many news outlets (like the Rolling Stone and the Clinton News Network) don’t see the impending international economic disaster unfolding. All I can say is, keep your eyes on Deutsche Bank.

Mixed Blessings of Cheap Oil

Crude Oil just dropped into the 20’s. That’s $29 per barrel. Don’t think it’s hit bottom. The real value currently is around $17, so the trading value is likely to come down to at least that if not overcorrect and go to $16 or lower.

Why is cheap oil a bad thing?

Pumping Crude Oil
Hate it or love it, the oil industry has single-handedly kept our nation from depression for nearly a decade.

Continue reading Mixed Blessings of Cheap Oil