Not priced into garishly valued stock prices…
Plunging oil prices and a strengthening dollar could force the United States into a recession by the end of 2015, according to Raoul Pal of The Global Macro Investor newsletter. Here is a direct video link.
Danielle was a guest yesterday on The Financial Survival Network with Kerry Lutz talking about recent trends in the world economy and markets. You can listen to an audio clip of the segment here.
The soaring greenback and plunging energy prices are two sides of the same storm hitting the North American economy today.
Goldman Sachs President, Gary Cohn told CNBC on Wednesday he is very concerned about the short-term window for oil and said crude prices could fall to $30 a barrel as the industry runs out of storage space. Here is a direct video link.
“the effects of the soaring dollar are just starting to be felt; for US exports, manufacturing, and jobs – it is not going to be positive.” –Gary Cohn, Goldman President, March 10, 2015
