T MOE

Three Christmas Presents from the U.S. Economy

"Guess what? Your credit card interest payments on that $10K are going to be at least $500 less next year."

Yeah right
Show me the credit card companies that are cutting rates. That home equity line of credit is eating and will continue to eat people alive, as they don't understand how it works. Hint, it does not work like an ATM card like you think it does

And the wages- did you see the numbers today? Income was actually down

Buying USO Is a No-Brainer

Buying USO now is premature. Oil drops to $30 very soon. Just like they over did it on the long oil speculation trade it will be over done on the down side. XOM , RIG are good shorts here. RIG's contracts will soon be redone. The exploration companies will refuse to pay the extreme day rates of the past in this environment.
Oil will not stay down in the dumps forever but getting long here is a mistake IMO