Danielle Park--Plunging Oil Prices-Unexpected Black Swan
Danielle Park stopped by for our bi-weekly chat. She believes that the
long awaited Black Swan arrived in the form of plunging energy and
commodity prices. Rather than hyper-inflation, we're seeing deflationary
commodity prices. While this trend will be awful for the US Government,
banks and employers, it's not entirely bleak. Consumers will see their
purchasing power increase, if they still have jobs that is. Emerging
economies such as China are in for rough times and the illusion of
prosperity that has been so convincing for so long will be shattered.
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