Say to most people that the price of Gas is falling, that diesel is getting cheaper and that bread will cost less and they smile - pleased.
Those same people then frown when you tell them that housing is doing the same.
Financial illiteracy is taught in school and has been for decades.
I have to say the American system of Governance is a powerful and majestic thing to behold at times. The Banksters *almost* heisted $700bn with no strings but in the end the system has paused, noted the views of the populace and said, NO - not on those terms and not in that way.
This will be at least a bad a recession as in 1991. Things then did not recover for Wannabes until 1996. This time we have the JAA rather than the purely National license system. I fear this will make things worse this time.
No less than 4 bank failures TODAY that would have each been NewsFlashes six months ago...
Then cast an eye at todays airline shareprices,
BA down 12.4% at 169p....
EZY down 9.04% at 304p...
RYR down 8.9% at 225p
and the overall FTSE down to 4820 the same point as it stood at in July 1997 (pass me the flux capacitor marty!) Oil fell sharply by a massive 7% to $98 but as I said before -
OIL IS A SIDESHOW. See what I meant?
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