Guest post by Tom Therramus that is the pen name of a US based Professor. The article was first published on Oil-Price.Net
The numbers say that these should be the best of times for America. The economy has been growing for five years. Unemployment is low. Inflation is almost nonexistent and gas is cheap. Yet, many Americans feel deeply uneasy about their future prospects. Uncertainty is the catchword of the moment. This uncertainty is contributing to growing pessimism and anger – discontent that is no doubt a factor in the unsettled state of the 2016 Presidential race.
If times are good, why do so many Americans believe that it is the worst of times? Have we become a nation of neurotics or is something real going on?
In a 2013 article at Oil-Price.net, prior to the beginning of the 2014 collapse in oil price, I proposed that turbulence in the oil markets was on the way. In a subsequent essay in early 2015, I suggested that this instability in the oil markets would lead to a period of turmoil in the stock market in the coming year or so.
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