> I fear that with a double whammy of low oil prices and low commodity prices, it will spark a long period of economic stagnation in the near future, as more jobs disappear
So if commodity prices go up, it's bad because Europe can't afford those commodities. But then if they go down it's also but because...?
Heck, it's not a double whammy, it's good news for most countries in the world. A different story might be why are these commodities going down (because China's demand has been drying up), and that might actually be bad news, but it's another argument.
So if commodity prices go up, it's bad because Europe can't afford those commodities. But then if they go down it's also but because...?
Heck, it's not a double whammy, it's good news for most countries in the world. A different story might be why are these commodities going down (because China's demand has been drying up), and that might actually be bad news, but it's another argument.