062: Tracy, @ChiGrl – Pairing Technicals & Fundamentals, and The Life of a Hardcore Crude Oil Trader
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The Impact of Falling Oil Prices on the Economy
Falling oil prices are good for the economy, but we're at dangerously low levels. Right now we have a huge, huge debt problem. If these companies go out of business, what goes out of business with them? Restaurants, housing,. all sorts of sectors of the market, not just the oil industry when these companies start to fall. So it's a massive problem. It's no longer good for theeconomy. It’s no longer a tax break. You have to understand that shale is relatively new technology for the US.
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