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Non-Tech : Kirk's Market Thoughts
COHR 197.65+2.5%Dec 10 3:59 PM EST
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To: Kirk © who wrote (3093)5/15/2015 7:53:49 PM
From: robert b furman1 Recommendation

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3bar

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I know we've had this conversation for several years.

The impact of fracing and the wealth derived from the minning of particulate oil has had an unrealized boost to the US economy.

I still think it was the biggest variable that ecri missed when they called for a recession,that did not occur.

Now as drillers stop investment - the economists keep blaming the weather and the union strike in the west coast.

If oil holds here we'll see the recovery get legs - but slower than expected.

I am surprised that the average consumer has not started to spend the energy savings that have been had during the last 6-12 months.

The average US citizen has had his security vastly undermined.

I still think that the over levered average joe has as his highest priority debt elimination.

When you are insecure and scared - being debt free is a wonderful thing and well on the correct path of what the average US citizen should strive for.

Solid and steady modest growth is so far superior to boom and bust cycles that undermine the confidence of the American Dream.

We'll crawl out of this ,but it will be slow and take time. imo

Bob
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