Analyst: We've got an oversupplied oil market.
If anyone is keeping score Cushing is at 58,943 million barrels as of last night. Here. With not even a hint of a leg down.
Six says ago it was at 56,314. On March 24 it was at 54,403 million barrels.
I thought the deflationary spiral was a lie. It's just so annoying because no one learned anything from the recession. This is not all that much different than 2009. I was in an adjustable rate mortgage with a reset in early 2016. Everyone thought we were going into hyperinflation. I just wanted to save my house so I learned everything I could about the inflationary/deflationary cycle.
On Oct 2, 2014 I wrote this: The greatest deflation signal of all.
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