Oil is Down Again

As far as impacting the overall economy, Lehman’s downfall doesn’t mean very much. In the larger scheme of things, Lehman was never really a big company. The media always like to use the, how will this effect Main Street angle. Simply put, it won’t.
But what will impact Americans is the plunge in oil. I see that oil is down sharply again and is now below $92. I remember way, way back when we would have thought $92 for oil was expensive. For example, the beginning of the year.
In my very unsophisticated analysis, I think gold is due for a big fall.

Posted by Eddy Elfenbein on September 16th, 2008 at 9:51 am

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