Two short months ago, [6](now former) Dallas Fed head Richard Fisher was ushered on to the propaganda channel to puke out platitudes about how low oil prices was "net positive for Texas," because Texas is a diverse state and being a consumer society, it's "good for everyone."
Shortly after we destroyed that fiction [6], none other than Goldman President Gary Cohn [7]rubbed salt into that wound stating "it's not going to be positive."
And now we have the hard data... as jobs dropped at the fastest pace in 6 years!
[8]
Explain that, Dick?
* * *
Bonus Chart: Home Sales are lagging too..
[10]