Yves
here. Tverberg argues that low oil prices likely to be with us for a
long time, due to the fact that demand will remain relatively weak.
Given the reluctance of governments to engage in aggressive enough
spending measures, the idea of that more economies will become mired in a
Japan-like slump or weak demand is entirely plausible. And that’s
before you get to the wild card of a Eurozone unraveling.
http://www.nakedcapitalism.com/2015/03/gail-tverberg-oil-glut-low-prices-reflect-affordability-problem.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29
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