Not only is the price of oil crashing, so is the Spanish stock - TopicsExpress

Not only is the price of oil crashing, so is the Spanish stock market, off more than 3% yesterday. Meanwhile, Greece is collapsing, the euros hitting new lows versus the dollar, Europes facing deflation, and the wreck of the Russian economy is going to drag down everybody who has invested there. Spain announced that the number of jobs created over the fourth quarter of 2014 actually increased over the previous year, not by much, but thats good. First time since 2008, I believe. Meanwhile, the weak euro is going to help tourism here, as Europeans flock to cheap Spain and Americans will follow. Meanwhile, Spanish exports are actually doing quite well, and the export sector will be helped by the weak euro. nytimes/2015/01/06/business/oils-fall-continues-to-below-50-a-barrel.html?smid=fb-nytimes&smtyp=cur&bicmp=AD&bicmlukp=WT.mc_id&bicmst=1409232722000&bicmet=1419773522000&_r=0

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