Fake Fed-Fiddled Financial Markets Vs. Real Oil Gluts And Soaring Jobless Workers

Everyone acted shocked, but no one really cared. Not even Powell, who has developed a falling-knife fetish but didn’t lift a finger to catch that one…….Jay gets it. Oil is real. Unlike stocks and bonds, he’d have to store the stuff. So until producers cap the wells, or light up their neighbors fields like Saddam, the price will keep falling until we start driving.