Eugene David
...The One-Minute Pundit

Saturday, October 11, 2008


OPEC to IMF: Bearish oil market to persist

I repeat: Why is this not good news?

Some people with economics on the brain will answer: because it means the whole economy is in the tank. But weren't high oil prices a proximate cause of our current mess? And doesn't a sharp decline give business at least some relief in the expense ledger? I repeat again: Why is this not good news?

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