Quote:
Originally Posted by jgalt
But when the prices of everything fall, people will have more money to spend, and the economy will rebound. I don't think we have bottomed out yet.  |
True, but at $20 per barrel oil, it's going to be a LONG climb out of the gutter. Years I don't want to spend worrying about job security and friends out of work.
So I'd rather have oil stabilize where it is and see the economy begin healing before something triggers a sprial effect. I have no desire to live through a depression.