Falling Oil Prices Are A Good Thing. Right?
As the price of Oil continues its decline, the equity markets continue to grapple with the effect that this will have on corporate earnings for the broad markets. As a recent Bloomberg article (CLICK HERE) points out the answer is not clear. Although consumers and manufactures will definitely benefit from lower prices, energy companies will not. Consensus seems to be centered around a long term positive impact to the overall economy but as with most economic matters, that opinions is certainly not unanimous.