The severe global economic consequences of March 1974 lasted for the better part of the decade after. Just let this sink in, price inflation peaked at 24.5% in August 1975.
Are we in a corrective market? Can the price of oil go a litlle bit higher?
When is the next meeting for a bargain deal?
Sorry for the many questions, but I have to know.
I told some family in Maine not to lock in their heating oil price for the winter until late June/Early July back a couple of months ago. I said, 'If things keep going the way they are prices should drop by then." Well, they did. Just a little bit. Well, now things have changed. Prices are going to go up. Lock in your heating oil prices for the winter NOW if you can.
So we have Alberta wild fires threatening Canadian heavy crude supply we have a South west power grid nightmare on the horizon and a tropical storm brewing in the Gulf. The Iran Trump war will literally destroy the Gulf States production for years.
As an undergraduate student, I had a professor say that every person needs two courses of economics, and two courses of statistics to be a well informed consumer of information.
While obviously it is not practical to have every person in the U.S. have this training; the lack of economic literacy in this country explains why we are, where we are at.
The stupidist most asinine foreign policy move in USA history by far.
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When is the next meeting for a bargain deal?
Sorry for the many questions, but I have to know.
Headline:
Iran formally suspends MoU with the US, declaring agreement is over & commitments will no longer be fulfilled.
While obviously it is not practical to have every person in the U.S. have this training; the lack of economic literacy in this country explains why we are, where we are at.