Off the keyboard of RE
Published on the Doomstead Diner on January 11, 2015
…and the NOBEL PRIZE in Economics goes to…the ENVELOPE PLEASE…
Discuss this article at the Economics Table inside the Diner
NOBODY saw this coming…
WHO COODA NODE?
All over the media, both MSM and Blogosphere it is being repeated over and over that NOBODY predicted the crash in Oil Prices, and certainly nobody called the MONTH it would occur a full 2 YEARS before it happened.
Saudi Arabia and all of the countries were caught off guard. No one anticipated it was going to happen. Anyone who says they anticipated this 50% drop (in price) is not saying the truth.
STEVE LUDLUM (aka Steve from Virginia) from ECONOMIC UNDERTOW