Oil Is The Trigger

Posted: June 10, 2009 in Technology and Business
The world was crusin’ along in 2008.
 
Then oil went up to $147 a barrel last summer.
 
Then the U.S. consumer stopped buying gas… and lots of other things.  Unemployment was rising.  Foreclosures were mounting.
 
Then the entire world went to hell in a handbasket.
 
But then oil started coming down.
 
The U.S. consumer started feeling better.. and started spending again… on gas and other things.  Even in the face of rising unemployment and foreclosures.
 
Not coincidentally, the stock market started feeling better, too.
 
Now oil is going back up again.
 
What did we learn from the crash?
 
Unemployment is bad.  Foreclosures are bad. 
 
But oil is the trigger.
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