I don't understand the idea that cheaper oil should make equities worth less at all.
@jon_delehanty The economy is made up of more consumers than producers of energy, right? So it seems like it should be a net win?
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@paulbaumgart it's basically a tax cut for consumers, so yes but it's providing a lot of the highest paying jobs and a huge portion of GDP -
@jon_delehanty Well, thanks the Saudis for the free stimulus package. - 1 more reply
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@paulbaumgart Another way to think of it is that world demand may be decreasing due to slowing economies abroad = lower stock pricesThanks. Twitter will use this to make your timeline better. UndoUndo
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