Remember last summer when higher oil was an anti-inflationary "tax" on the consumer...and therefore a "good thing?"
Well now that oil is going down...why don't the same people argue that lower oil prices are INFLATIONARY...BECAUSE NOW CONSUMERS HAVE MORE MONEY TO SPEND...AND EVERYONE KNOWS THAT A CONSUMER WITH MONEY IS AN INFLATION THREAT!
Well, I guess consistency is NOT an attribute highly valued on Wall Street.
Anyhow...perhaps the lower oil prices will allow some consumers to keep paying on their "ARMs," and other "creative mortgages"---EVEN AFTER THEIR EQUITY GOES NEGATIVE NEXT YEAR...!
SO, THERE ARE AN INFINITE NUMBER OF WAYS FOR WALL STREET TO "GET HAPPY"...ESPECIALLY WHEN THE FED IS CONTENT TO BE THE TOOL OF THE SPECULATORS...
AND HAS LONG AS THE BIG SUCKERS OVERSEAS KEEP BUYING OUR BONDS...WHO'SE GONNA COMPLAIN....
