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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (148316)	1/19/2015 7:17:20 PM
From: RetiredNow	Read Replies (3) \| Respond to of 149319

Agree we want green energy, but unfortunately, low oil prices make green energy less competitive. Also, in terms of the US economic recovery, low oil prices are causing mass layoffs in the energy industry already. In addition, the big banks are laying off and cutting bonuses. Although, I like that in principal, it does show there are cracks in our recovery. Global growth is in real trouble. Our own yield curve is flattening alarmingly. As you probably know, a flat or inverted yield curve has a 100% accuracy rate in predicting recession. If the Fed raises rates as long bond yields are collapsing, as they are now, then we'll get a flat or inverted yield curve. All of the above is simply to say, we're on the edge. There are many global risks right now and we have just about every asset category in record expensive territory. So the risks versus reward equation looks very ugly right now.