Still Renting

Peak Oil, Cars, and Depressions

Concerning how low oil prices can go, I am reminded of what one analyst said about the economy in general: Pendulums do not stop at equilibrium.

Peak Oil, Cars, and Depressions

You said, "The current 45-day range might then represent the half-way point in a total drop which would put this market in the category of the 1929 - 1930 decline. "

Considering what happened in the two and a half years after 1930 (especially by July of 1932), if the pattern holds, things could get very scary indeed.