Well look at the bright side.... The fish are biting and the deer are rutting We are set to have some fun.
It's still over $2.30 gallon here. Cheaper than $4.00 a gallon, but it's still far from "cheap". The problem with lower fuel prices is that government is foaming at the mouth to add more fuel taxes. Their reasoning is that people are used to paying high prices for fuel and we won't notice.I can't agree more, I'm lovin the gas prices personally!
Economic news is getting scary....
Jobless claims up.
Stock market having numerous big drops.
No boats moving with goods in the Atlantic.
Global trade basically at a stand-still.
China continually getting called out on shady cooking of the books.
Sucks. Inevitable, but hope it takes longer please.
I believe it was the band Alabama that had a song that said "we were so poor that when Wall Street fell, we couldn't tell".I posted this in "When does an 'economic collapse' begin?" So I will reiterate what Gaz and Rob said above "but hope it takes longer please"
"Profit warnings hit crisis-highs as market turmoil wracks UK plc
Turbulence takes it toll on corporates as economists warn that only the US Fed can end the market panic
Profit warnings have rocketed to their highest levels since the financial crisis amid growing market fears that the global economy is on the brink of a major new downturn.
Figures compiled by Ernst & Young show that UK-listed companies have issued 313 downgrades over the past year, the most since 2008.
The gloom intensified in the last three months of 2015, when the proportion of companies that said they would fail to meet their targets rose to its highest level since the dotcom crash in late 2001.
The pain from these falls “has been pushed down the supply chain” said Alan Hudson, EY’s head of restructuring for UK and Ireland, as oil producers have pulled back on capital expenditure and cancelled contracts. These businesses have “been at the sharp end, hit hardest and soonest”."
http://www.telegraph.co.uk/finance/...is-highs-as-market-turmoil-wracks-UK-plc.html
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