Post by
goldhappy on Nov 29, 2015 9:01pm
Resource Sector Hit Hard
The miners are all hurting , the oil sector is hurting , lumber Is so so , China and Japan economies are off , most of Europe is flat , isis is costing the world a lot of money playing war games, Jobs are scarce in the US as well as Canada. Refugees are seeking needed help, terrorists are reeking havik and the list goes on and on. Now we have reports US manufacturing is doing better and interest rates will rise.
Am I missing something. Correct me if you want. I thought it took a lot of raw material to run a lot of manufacturing. Why is the resource sector doing so poorly if the minerals and raw products are being consumed by manufacturers? China is off because the western nations are not buying as much.
A large scare tactic about interest rate lift off is over sold thus driving gold down ever lower. Rising interest rates will motivate some buyers before rates go higher. I get that part. If the mortgages start costing the working class more money they will have less money to spend on manufactured goods. Governments will pay even higher interest to the Iluminati raising tax to cover even greater borrowing costs.
The loose change people have from a lower oil price may be what the banks are attempting to grab from the working class?