2014-12-12bloomberg.com

``More than $1 trillion was erased from the value of global equities this week as oil prices tumbled, raising concern over the strength of the global economy'' -- But but but what happened to the "tax cut for consumers" narrative??? Perhaps, at the end of the day, this is about liquidation emanating from the leveraged energy financing complex. At any rate, the "DOW 18,000" party hats may have to wait for the next market bubble...



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