Americans in The South appear to be rushing through the 7 stages of 'low-oil-price-grief' rather rapidly. After a few months of disbelief and denial, it appears, judging by Bloomberg's Consumer Comfort Index, that 'Southerners' have jumped right to anger and depression as sentiment tumbles to its lowest since Dec 2014. Along with a surge in job cuts in the energy sector, [2] it appears "low" oil prices are not unequivocally good after all.
Hope turns to despair...
[3]
This is the first 4-week consecutive drop in Consumer Comfort in a year...
[4]
So not unequivocally good after all?
Charts: Bloomberg
