Rule: “All of the mainstream media analysts are completely sanguine and I hope they are right. They hope and believe the additional consumer savings from lower oil prices will get us out of the economic malaise that our governments have gotten us into. That would be a wonderful end to the downturn. But notice, Eric, that I prefaced that with the word ‘hope.’….
“My suspicion is that 2015 will give us more of the same. Meaning the global economy is flat on its back and it will stay there for quite some time. 2015 will bring small pockets of prosperity, but the prevailing trend towards increased government and increased government debt will continue to strangle the overall economy.
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