Monday, February 02, 2015

Economy

Showing the power of reputation, Uber drivers rate customers just like customers rate drivers.

Consumer spending fell in December, most in five years.

Shake Shack another bubble IPO.

Hedge fund manager who predicted 2008 crash recommends shorting the market now. 

US oil output drops, prompting a rise in oil prices.
"The talks arise as data from the United States showed a record drop in drilling rigs, prompting oil prices to jump above $50 a barrel on Friday as traders said they saw it as a sign that OPEC's strategy was taking a toll on the U.S. shale boom. "
A balance will be reached, but all that unused investment will be lost in the bust.

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