Wednesday, November 18, 2015

Wednesday Miscellany News Brief

1.) The U.S. Economy Is Collapsing – Americans Are Out Of Money : “The price of oil traded below $40 briefly this morning. The propaganda machine would have you believe that OPEC is driving the price down to put the U.S. shale industry out of business. This has to be one of the most idiotic rationalizations for a negative economic occurrence I’ve ever seen (that, and “the bad weather ate my homework”). The price of oil is collapsing because demand for oil is collapsing. Demand for oil is collapsing because economic activity globally, including and especially in the U.S., is...

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