Going down

Posted: 9 January 2016 in Uncategorized

Oil_cartoon_12.20.2014_large

The economic problems right now are very serious, as I indicated back in October.

But the supposedly expert analysis? Perhaps less so.

This is from Reuters [ht: ja]:

“In my view, crude is still just a number on screen with little implications for most of the people and computers that are actively trading,” said Scott Shelton, energy broker and commodities specialist at ICAP in Durham, North Carolina.

“It will keep going down until the equity world stops selling off.”

Yes, that’s right: according to the experts, the price of oil will keep going down until. . .it stops going down.

You just can’t beat such an analysis, however crude and slimy.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s