Oil. Andrew Butter on Seeking Alpha explains the Oil Price Black Swan.
Butter's writing is less than clear, but the point is that there is currently no good place for money from oil sales to go. This is particularly true with the biggest consumer of oil, our own United States. Today the 10-year Treasury is around 2.15%, just not enough return for someone selling a valuable commodity for dollars that are rapidly declining in value.
The problem is DEBT, not big business, not corporate greed, no, it is puree-old Big Government Debt. Ryan's budget does not do much, but at least it is a budget and at least it goes in the right direction. Of course, any budget will die in the Senate anyway, and Obama would veto Ryan's if it did pass. Hence, I can conclude that no one will step up and fix that actual problem which is millions of Americans continuing to live beyond their means with the enabling of the federal government and the Federal Reserve.
Just once, I wish we would encounter an alien menace that wasn't immune to bullets -- The Brigadier (Dr. Who)
I'm not sure about Black Swans.
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