Well now, that's reassuring isn't it.
http://www.cnbc.com/2016/02/05/citi-world-economy-trapped-in-death-spiral.html
http://www.cnbc.com/2016/02/05/citi-world-economy-trapped-in-death-spiral.html
Link: Citibank: World economy is trapped in a death spiral
- Thread starter Displaced Bama Fan
- Start date
You know, for the life of me I can't figure out this stuff.
In 2008, gas prices blew through the roof and were alleged to be proof of/a contribution to the global recession (and totally Bush's fault btw). By inauguration day, gas prices had gone down to $1.39 per gallon, the same price they were on 2/10/03 when I headed to the West Coast - and THAT was considered VERY HIGH for early 2003.
Now fast forward - gas prices are down to $1.46 here........and all of a sudden low gas prices are proof we're in a calamity. The VERY SAME people (they think I forget this is what's so amusing about it) I heard whining up a storm and blaming Bush in 2008 and saying apocalyptic things like, "We'll never see gas below $3 a gallon again" when it was $4.....those same people are whining about the $1.46 per gallon is 'starving the families whose livelihood depends on the oil industry' blah blah blah.
I won't sit here and pretend any sophistication that I fully comprehend this. But this sounds a whole lot like the global warming thing to me.
If it's hot? It's global warming.
If it's cold? It's global warming.
If it's the same? Global warming is in a pause period.
If gas prices are high? It's terrible for the economy.
If gas prices are low? It's terrible for the economy.
If gas prices stay the same? It's terrible for the economy.
In 2008, gas prices blew through the roof and were alleged to be proof of/a contribution to the global recession (and totally Bush's fault btw). By inauguration day, gas prices had gone down to $1.39 per gallon, the same price they were on 2/10/03 when I headed to the West Coast - and THAT was considered VERY HIGH for early 2003.
Now fast forward - gas prices are down to $1.46 here........and all of a sudden low gas prices are proof we're in a calamity. The VERY SAME people (they think I forget this is what's so amusing about it) I heard whining up a storm and blaming Bush in 2008 and saying apocalyptic things like, "We'll never see gas below $3 a gallon again" when it was $4.....those same people are whining about the $1.46 per gallon is 'starving the families whose livelihood depends on the oil industry' blah blah blah.
I won't sit here and pretend any sophistication that I fully comprehend this. But this sounds a whole lot like the global warming thing to me.
If it's hot? It's global warming.
If it's cold? It's global warming.
If it's the same? Global warming is in a pause period.
If gas prices are high? It's terrible for the economy.
If gas prices are low? It's terrible for the economy.
If gas prices stay the same? It's terrible for the economy.
This will be, too - somehow:
The U.S. economy only grew 0.7% between October and December. It's the slowest pace since the first quarter of 2015, when the economy grew at a 0.6% pace as parts of the country battled with blizzards and businesses shutting down.
Oh, I'm sorry - global warming caused that, too.
Actually that is what Obama said today when asked about the shrinking number of Americans employed, during the speech he was giving on how low the unemployment rate is.
Latest threads
-
Maybe aTm's Pockets Aren't So Bottomless After All -- Layoffs In The Athletic Department
- Started by 4Q Basket Case
- Replies: 4
-
Time to un-vacate 2005-2007 on field victories and un-forfeit the 1993 season?
- Started by CmdrThor
- Replies: 16
-
-
-
SIAP there was an article that Joe K interviewed for assistant coach
- Started by mlingerfelt31
- Replies: 11
-
Final Home Midweek for Alabama Brings Samford to The Joe- Started by Diamond Tide
- Replies: 0