Break-Even
12/1/2014
Break-Even Either way, it is a dangerous gambit that could create geopolitical risks. Take a look at the break-even points for OPEC members. It is clear that outside of the Gulf States, plunging oil prices pose the kind of danger that will result in geopolitical instability and civil strife. The wild card is what will Russia resort to, after losing $140 billion this winter? The benefits to the United States are obviously cheaper gas, which is a big deal for consumers, but how does it play out for the economy and the stock market? Over the weekend, consumer spending decreased 11% to $50.9 billion from a year earlier. Ironically, the National Retail Federation says the huge decline in sales is a reflection of a "strong" economy. Click here to to leave a comment: http://www.wstreet.com/member/commentary.asp?con_id=33949#addcomment
Charles Payne
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