Death comes to us all. Life's but a walking shadow | There was an analysis presented by a Franklin Templeton economist not long ago which indicated that it takes some time for the savings from the low price of oil to work their way though the economy. He indicated that on balance when those savings by the general population come to bear it will be very positive especially here in the US. The Fed stimulas and government spend always seem to get co-opted by the "rent collectors". In the case of the low gasoline price it's not so true because the savings start right in the pockets of working poor and lower middle class. Now that the holes called "gasoline price" are smaller in the leaky bucket of money called "consumer spending" it has fill back up a bit before it can reach the next higher set of holes. Give it some time. |
Good big picture look at oil fundamentals for 2016
