Price of Oil tanks
Oil has crashed about 20% over the PAST WEEKS, as world markets crudely expect low growth and low development as the world market gears up for recession and lack of industrial demand. The dismal state of the economy has dragged demand down and will likely end a reversal in the rise in interest rates as well. With China crashing and Europe stuck in serious malaise the U.S. is the last holdout on the global economic downturn.
Another sign of the times, pending market implosion.
peace @clumsysilverdad
American economy is doing just fine so far. Disruption and short term growth mainly due to momentum seem to work for now. The stock market correction and oil surplus may just be the second wave of effects from recent policies and changes in global political climate.
I wonder what this is going to mean for crypto...
Posted using Partiko iOS
In my view, the walls are caving in globally. You can only electro shock the patient so many times.
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