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12-16-2014, 02:31 PM
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The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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The Russian budget was fixed on oil staying at $100. It's dropped to $70 and the Saudis say they won't cut production to jack the price. Plus the sanctions over their invasion have added to their woes. Back in the early 80's when some mortgages and personal loans were hitting 18 or 19%, it was painful.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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