Oil price, an interesting indicator of economy future?
Oil price, an interesting indicator of economy future?
Jeff Ross of Valshire Capital discussing oil price,
"Oil has been on a recent downtrend and probably peaked. Currently rolling over (going down). This is similar to 2008 when the stock market started to decline (currently 20% off high), but the price of oil continued to ramp higher. When oil peaked and then descended it went down very quickly. This causes the floor (bottom) of risk on assets (Bitcoin, equities) to drop. Risk on assets are currently going to crash hard. This will bring disinflation that will bring demand destruction that will reduce overall wealth."
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