G-SPOT - as I put on the rest of my post
Not in any way the 'be all and end all' - or even a massive reduction, but interesting all the same!
I was merely pointing out that this is the first reversal in the fairly constant upsurge in the price of oil that we have had for the last few months.
As someone who gained over 4000 hours before sitting in the RHS of a 737, please don't lecture me on coming up through the ranks!! This thread was started (i believe) to provide a little counter to a thread of a similar name - as we have all seen it has been turned into exactly the same thread by those who wish to dominate this conversation. I was merely adding a little interesting news. I have not in any way attacked anyone personally and feel that your high-horse approach is a little ignorant, arrogant and presumptuous. I am not saying that times are going to be easy - or that now the price of a barrel of Sweet Crude has dropped 4%, things are all fine.
Regarding the future outlook - how can anyone speak on here with any authority at all - if you know all the answers then invest all your assets into a position on the world markets, live off the gains and sell your sage advice to thousands of investors who will pay top money to hear it from a guru. If this is not what you are doing then you are obviously - like the rest of us - at best estimating based on rough experience of past events or at worst, guessing.
I am of the opinion that - yes we are in/heading for, at the very least, a correction in the global economy and corrections/downturns/slowdowns or even recessions are self fulfilling prophesies. Whatever the trigger-action for the problem, things are generally made a great deal worse by the media, ‘the word on the street’ and now, the internet by placing people in a mindset that ‘things are bad therefore I’d better not spend any money’. Once this takes hold the entire free market suffers as suppliers cut back etc etc etc.
OK – so now I’ve realized I’ve ranted. To conclude, however, I will quote something which I posted in the ‘Downturn’ thread that – shockingly – hasn’t changed in the months since I last wrote it on the 11th of May:
Can I sum up this whole thread??
"There may or may not be further trouble ahead for the financial and housing markets - some people fervently think there will be, others are not convinced. Anyone who is thinking of entering training now should probably be quite careful that they can financially afford to do this and should think very carefully before committing themselves to a large bank loan. Wise planning and a bit of luck should land you in the right place at the right time however, be prepared for the job market to slow down and expect a possibly protracted period of unemployment prior to finally landing that first job once your training has been completed"