Our Current Illusion of Prosperity

By Frank Hollenbeck – Re-Blogged From http://www.Gold-Eagle.com

President Obama and Fed Chair Janet Yellen have been crowing about improving economic conditions in the US. Unemployment is down to 5.5 percent and growth in 2014 hit 2.2 percent.

Journalists and economists point to this improvement as proof that quantitative easing was effective.

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What Price Oil?

cropped-bob-shapiro.jpg   By Bob Shapiro

I just read an analysis of the crude oil market which laid out some facts which sound reasonable to me, followed by a $200 per barrel forecast for the black stuff in a couple of years. I find that to be less than likely.

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