Monday, December 15, 2014

Could Oil Be a Bigger Bubble than the Dot-Com Bubble?

-Mike Finger
Earlier today, we reported on the potential effect plunging oil prices could have on the Federal Reserve’s plans to raise interest rates. Peter Schiff addressed exactly this is problem in his latest podcast. While many people see lower oil prices as a boon to the economy (who doesn’t want to pay less to fill up their gas tank?), Peter explains why this is a narrow-minded analysis. If the oil boom was actually a bubble, it could have dire implications for the United States.

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