Via Barry Ritholtz:
Nothing has been a more reliable indicator for an upcoming recession as the price of Oil. Every major bear market, every major economic decline has been preceded by a large spike in oil prices. The 73-74 recession, recession of beginning 80's and the recession of 2000. Oil prices jumped 80% between 1999 and 2000. Oil prices have been the most important indicator of major economic disasters. Whenever Oil prices rise about 80% from year ago levels, a fair chance does exist that a recession/bear market will follow.Chris HayesJune 26, 2008
Via Barry Ritholtz:
Nothing has been a more reliable indicator for an upcoming recession as the price of Oil. Every major bear market, every major economic decline has been preceded by a large spike in oil prices. The 73-74 recession, recession of beginning 80’s and the recession of 2000. Oil prices jumped 80% between 1999 and 2000. Oil prices have been the most important indicator of major economic disasters. Whenever Oil prices rise about 80% from year ago levels, a fair chance does exist that a recession/bear market will follow.
Latest from the nation
Today 8:41 am
SafetyMark KaplanToday 5:00 am
How a Reactionary Peruvian Movement Went MultinationalElle HardyToday 5:00 am
The Strange Story of the Famed Anti-Fascist Lament “First They Came…”Barry YourgrauToday 5:00 am
Is It Possible for Speech to Ever Be Too Free? David ColeToday 5:00 am
How the Trump Administration Is Downgrading Women’s CitizenshipSoraya Chemaly
Chris HayesTwitterChris Hayes is the Editor-at-Large of The Nation and host of “All In with Chris Hayes” on MSNBC.