The Cheap Fuel Correlate

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In the modest minds of most Americans, lower gas prices means Good Times. Not really, no. My view is that energy prices are heading much, much lower, and while that may sound like good news, I believe it speaks to a weakening global economy overall. Here, by way of example, is a graphic illustrating that plunging gas prices actually line up with bad economies, not good ones.

Crude oil is the only red thing on the screen today. Everything else is vomiting higher.