Tuesday, January 6, 2015

Is the Oil Sell-Off Overdone?

This is over at XE.com

Are we now in a similar situation?  Not yet.  China is slowing, but is still growing at a 7% rate.  Japan will probably come out of their recession in the next two quarters.  The EU is hovering at 0% growth, but they are not crashing through the floor.  The biggest problem is Russia, as the combination of cheap oil and economic sanctions will lead to a recession next year.  But they're a special situation.