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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 409.23-1.0%Jan 7 4:00 PM EST
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To: TobagoJack who wrote (43545)12/6/2008 12:46:31 PM
From: elmatador1 Recommendation   of 219096
 
World economy received a huge tax cut. Oil is a tax in every citizen of the world. Takes his money and send to oil business chain.

Oil down means a tax cut for the whole world economy. Obviously there is a lot of people who now can't profit from the high oil price as levy anymore and for them they look at this as a tragedy.

For the rest of the world economy this is a bonanza. This is all good news -bad for Russia that depends on energy exports.
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