In my experience, people don't understand the significance of the drastic drop in the price of oil. Far from being a boon to the economy and a means of getting people on their feet again, it is the opposite: a harbinger of doom as companies, economies and financial instruments crash and burn.
Here, good ol' Dmitri Orlov explains:
http://cluborlov.blogspot.co.uk/2015/01/whiplash.html
Monday, January 26, 2015
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