Alex is offering you to have website «E-Finance News» remembered
Do you want us to remember the «E-Finance News» website?
Yes No
Прогноз погоды

You can either make money or make excuses

Oil price may boost growth by 15-20%: World Bank


Oil price may boost growth by 15-20%: World Bank

The average price of a barrel of oil will be about $ 60 in 2015.

Such forecast was made by the president of the World Bank President Jim Yong Kim at the World Economic Forum in Davos.


10 footer for par 

If cheap oil is so good for world growth, why in the heck have the powers that be gouged us for the past six years of recession?



Any marginal gains in productivity arising from the decline in oil prices will be more than offset by increasing government interference in economies in the form of more taxation, regulations, and the printing of money. At best the decline in the price of oil will have no net effect on world economic growth. At worst the decline in the price of oil will result in defaults on sovereign and corporate debt in the range of $2 trillion or more. Add to this the default on sovereign debt by the socialist economies of Greece, Argentina, Spain, Italy, and Portugal and we will have bank failures eclipsing the failures of 2008. With this will come a collapse in the equities market. The only positive impact from this is that people will realize the futility and vanity of Keynesian economics and abandon this idea and the IMF and World Bank with it.




Published by Chloe , 24.01.2015 at 23:49
Статистика 1
Показы: 1 Охват: 0 Прочтений: 0


To show the previous comments (%s from %s)
Anthony 25 January 15 16:05 Nice to hear this growth news verses OH the poor OIL investors OIL is down and it will wreck the economy! Text hided expand
Richard Stone
Richard Stone 1 February 15 11:15 Too late. I'm already broke. Text hided expand
Show new comments
All comments are shown: 2

Site search

Last comments

i'm shocked
Anthony Qatari-led group wins $4 billion battle for Canary Wharf
they have no solution themselves.
Anthony Obama's $4 trillion budget includes higher taxes on rich and big banks, public works program
If the UK sector gains useful experience of this kind of work, they could be in a position to utili…
Anthony Shell declares end of pipeline for Brent oilfield
Lots of profit losses for oil companies still in the pipe..
Anthony The oil plunge isn't over yet
Almost all companies do this.
Anthony Apple's timing on bonds
Too little, too late
Anthony QE could be too little too late to help Europe’s stock markets
it gets boring.
Anthony What crisis? Kalashnikov's business is booming
They do have a temporary effect when used in Economic warfare.
Anthony Russia: How long until the economy cracks?
Why is there not a car simliar that is not a high priced hybrid??
Anthony 2017 Chevrolet Spark: Photos Of Updated Minicar Leaked In Korea
it is completely free and just a bit of fun, so look out for VillaLibra Lucky Numbers if you want t…
Anthony Odds of winning the Powerball jackpot: One in 175,000,000