Many world economies are in the RED mostly because the crude price being as it is...so now everyone is starting to worry? Worrying seems to be in full bloom. The economy has become the number one issue for Europeans but mostly for Americans in an election year, according to opinion polls.The elected representatives have heard the people's cries, except the Portuguese government...The US House of Representatives passed a $146 billion fiscal stimulus bill in what surely must be record time.
The Senate Finance Committee has its own version in the works.
However the four recession indicators are here....all in their peak, just have a look around you...everything is now more expensive... the U.S. economy has entered a recession ... dominated by weakness in household spending,
So companies, govenments ... beware if the crude price does not go between $85 and $88 a baril..all including the crude exporters will suffer
with a recession...the demand for the black gold will be less...THE HIGHER THE CRUDE PRICE THE SMALLER THE DEMAND...
However the four recession indicators are here....all in their peak, just have a look around you...everything is now more expensive... the U.S. economy has entered a recession ... dominated by weakness in household spending,
So companies, govenments ... beware if the crude price does not go between $85 and $88 a baril..all including the crude exporters will suffer
with a recession...the demand for the black gold will be less...THE HIGHER THE CRUDE PRICE THE SMALLER THE DEMAND...
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