?

Log in

No account? Create an account

Previous Entry | Next Entry

You could smell this one coming



"People feel like the system is rigged against them. And here is the painful part: They're right. The system is rigged." — Elizabeth Warren

The stock market is sliding, and analysts say it's because of the steady decline in the price of oil.

You would think the oil slide is good news for people like us. We spend less at the gas pump, so we have more money to spend on consumer items. Some of us will use the money to help pay off debt. Some of us will save it. How can any of these things be bad for the economy?

Well, what's good for us isn't good for that great god The Market, as this story from today's New York Times explains: (Oil slick)

The upshot is that falling oil prices, believe it or not, are not necessarily a good thing. Those of us who have invested for retirement, or to pay for our kids' college educations, or to accrue the money needed to secure a better future in any respect, may save at the gas pump—but we'll get hosed by The Market.

One way or another, the 99 percent always take it on the chin.

Comments

( 2 comments — Leave a comment )
(Anonymous)
Jan. 7th, 2015 01:04 am (UTC)
Have you noticed the ads for the BIG GAS GUZZLERS ARE BACK!
patrick_vecchio
Jan. 7th, 2015 01:24 am (UTC)
Short memories soon lead to empty wallets.
( 2 comments — Leave a comment )

Latest Month

March 2017
S M T W T F S
   1234
567891011
12131415161718
19202122232425
262728293031 

Wish I'd Said It

Nota bene: “Fear has governed my life, if I think about it. ... I always feel like I’m not good enough for some reason. I wish that wasn’t the case, but left to my own devices, that voice starts speaking up.” – Trent Reznor

“I hate to say this, but not many people care what you do. They care about what you do as much as you care about what they do. Think about it. Just exactly that much. You are not the center of the universe.” — Laurie Anderson

"The path's not yours till you've gone it alone a time." – William Carlos Williams

“Filling this empty space constitutes my identity.” – Twyla Tharp

"My definition of peace is having no noise in my head." – Eric Clapton

"The wreckage of the sky serves to confirm us in delicious error." – John Ashbery

"We are all here by the grace of the big bang. We are all literally the stuff of the stars." – Dwight Owsley

"For my part, I know nothing with any certainty, but the sight of stars makes me dream." – Vincent van Gogh

"It is only with the heart that one can see right; what is essential is invisible to the eye." — Antoine de Saint-Exupéry

"Forget about being a perfectionist, because entropy always wins out in the end." – Darren Kaufman.

"Impermanence. Impermanence. Impermanence." – Garry Shandling

"Fame is a vapor; popularity an accident; the only earthly certainty is oblivion." – Mark Twain

"There is no realm wherein we have the truth." – Gordon Lish

"Actual life is full of false clues and sign-posts that lead nowhere." – E.M. Forster

“Some scientists claim that hydrogen, because it is so plentiful, is the basic building block of the universe. I dispute that. I say there is more stupidity than hydrogen, and that is the basic building block of the universe." – Frank Zappa

“I try to leave out the parts that readers tend to skip.” – Elmore Leonard

“The secret of being a bore is to tell everything.” – Voltaire

• Journal title and subtitle: Ian Hunter, “Man Overboard”

Tags

Powered by LiveJournal.com
Designed by Tiffany Chow