I like to be optimistic about the economy. However, I am not certain how much longer the economy can continue to absorb out-of-control energy costs and not see a resurgence of inflation. Also, not to even mention the "R" word, in the past 35 years, every time the economy tanked, there was a higher energy component involved.
However, I am not certain how much longer the economy can continue to absorb out-of-control energy costs and not see a resurgence of inflation.
Exactly, we could see a situation with inflation and a falling economy at the same time.
If oil futures are any indication, current prices are near peak. http://www.nymex.com/jsp/markets/lsco_fut_csf.jsp