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Oil is pegged to the dollar and the dollar is hitting historic lows towards most main economies including Euros, Yuan, Yen, and the Canadian greenback, and Actual. We’ve pumped 1.2 trillion of liquidity into the markets and don’t have any plan to cease anytime quickly. From what I’ve read (which is fairly minimial), world consumption of oil is actually down whereas world manufacturing is mostly flat. My belief is that we’re seeing a commodity correction because of fiscal uncertainty introduced on by borrowing at a fee the world has never seen and does not know the right way to quantify.
Lending criteria, terms and situations apply. Credit services are topic to repayment capability and monetary status and aren’t out there to persons below … Read More ...