The Only Thing More Bullish For The Economy Than Lower Oil Prices Is …

higher oil prices

Because when it comes to propaganda, a year certainly makes all the difference.

From the WSJ, December 1, 2014:

International Monetary Fund chief Christine Lagarde on Monday said falling oil prices will help boost economies in the U.S. and across much of the globe, a net positive for a world struggling with slowing growth.

 

“It is good news for the global economy,” Ms. Lagarde said at The Wall Street Journal CEO Council annual meeting.

 

For the U.S., lower energy prices will help accelerate economic growth to a 3.5% pace next year, Ms. Lagarde said, up from an October forecast of 3.1%.

And then going back one year ago to USAToday from December 31, 2013:

Oil finished the year up 7% with much of the gain coming this month on signs that an improving U.S. economy is leading to greater demand for gasoline and diesel fuel.

 


Lower oil prices; higher oil prices? Doesn’t matter: it’s all good news!

Confused yet? Great. Now just BTFATH and stop asking so many questions.




via Zero Hedge http://ift.tt/1wGc7VA Tyler Durden

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