To: ChinuSFO who wrote (148095 ) 1/5/2015 5:36:50 PM From: RetiredNow Read Replies (1) | Respond to Oil is a plus minus. On the plus side, it is a much needed stimulus to consumers and it comes at the right time, since consumers have seen wage stagnation, even as inflation takes root on the goods they spend most on (health care, rent, food). So that's great. On the downside, it's going to put the breaks on our energy independence. It's killing the oil shale industry. In addition, it's causing major recessionary down swoons in emerging markets, as the USD charges higher. When we were devaluing our currency, emerging markets saw massive liquidity head their way. Now the opposite stampede is happening. That's going to way on overseas markets. But maybe we can pick up the slack? The almighty US consumer is going to have some serious work to do. Hopefully, the Fed doesn't raise rates this year. If they do (and they may have no choice on that matter), then that may kill the recovery and throw the world into a synchronized global recession with no real engine of growth to pull the rest of the world out of it.
