Do Falling Oil Prices Mean Collapsing Economies?

posted by Ida B. Wells IV @ 7:00 AM
January 19, 2015

plunging-oil-prices        Anyone attempting to advocate for market forecasting these days suffers from whiplash. Different factors keep cropping up that can drastically affect U.S. and world economies. Confidence in U.S. financial condition seems high, but that cannot be said for the European Union or most other groups of nations.

These factors include:  1) Rapidly declining oil prices which negatively affect most oil producing nations; 2) The Swiss National Bank’s sudden refusal to continue propping up the European Union’s euro currency; 3) Germany’s insistence on maintaining its failed austerity program for some 35 EU nations;

4) Psychological worries over new-found terrorism in France and Belgium, now expected in most EU countries; and 5) Russia’s complete cut of gas supplies to Ukraine and most EU and neighboring countries––i.e.  Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey––in the middle of winter; etc., etc. etc.

Some worrisome signs for the U.S. also include: 1) Falling retail sales and consumer prices in recent weeks; 2) The Stock Market’s inability to stop its current downward slide; 3) Reports by some analysts that cheaper oil prices will not greatly aide the U.S. economy and is dragging down the stock market, etc., etc.

In short, no one in authority is really sure how these factors will ultimately affect the economic health of the U.S. and other countries. In addition to wars over oil prices, most economists do not seem to consider that severely cold winter weather affects retail spending.  While statistics show that Americans are more positive about the nation’s economy, so far they do not spend with enthusiasm.

These uncertainties have the most ardently negative forecasters predicting that a stock market crash, recession, and worse rapidly approach. In ‘Why the Next Stock Market Crash Will Happen Any Day Now,’ Christian Hill laments:

“Robert Wiedemer, who along with a team of economists correctly predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States during the ‘Great Recession,’ recently predicts that the coming market crash will result in a 90% stock market drop, 50% unemployment, and 100% annual inflation starting this year.”

In ‘Consumer Prices Just Fell The Most In 6 Years. Start Worrying,’ Mark Gongloff concurs: “Good news, consumers: Everything’s on sale! The bad news: Low, low prices aren’t always such a great thing.blind-news

“The U.S. consumer price index tumbled 0.4 percent in December from the month before, the Bureau of Labor Statistics reported on Friday, led by a 9.4-percent crash in the cost of gasoline. It was the biggest one-month drop for consumer prices since December 2008, when the world was still gripped by the financial crisis. . . . Sometimes prices fall because everything is going to hell.”

The Economic Collapse insists ‘On The Verge Of The Next Economic Crisis, 62 Percent Of Americans Are Living Paycheck To Paycheck’: “Nearly two-thirds of all Americans are completely unprepared for the next economic crisis. Only 38 percent of Americans have enough money on hand to cover “a $500 repair bill or a $1,000 emergency room visit”.  That essentially means that 62 percent of the people in this country do not have an emergency fund.”

With ISIS Middle East wars, Boko Haraam atrocities in Africa, Muslim anger over provoking cartoons of their prophet, added economic crises indicate World War III. Believers must remember that such upheavals bring rushing end-time signals.  As Christian messages foretell: “Why, seeing times are not hidden from The Almighty, do they that know Him not see His days? (Job 24: 1).”

Did you like this? Share it:

Comments are closed.