Posted on 03/08/2022 12:34:36 PM PST by ChicagoConservative27
The threat of further sanctions on Russia has caused global crude oil prices to surge. U.S. business cycle history suggests that a sharp spike in oil prices may portend a recession.
That the Federal Reserve missed the window of opportunity last year to painlessly remove monetary accommodation and initiate monetary tightening has made the current situation particularly dicey. With inflation rates already at 40-year highs, and yet to peak, a stagflationary outcome is hard to rule out.
(Excerpt) Read more at thehill.com ...
Let’s ask Ginger Goebbels............
Let me think about it for second. YOU BET!
Yes, 3rd Quarter negative economic growth, with inflation.
We were already heading for an economic downturn, Dear The Hill Author, this sh*t only going to hasten such.......
“Yes, 3rd Quarter negative economic growth, with inflation.”
Yes - what BusterDog said.
Peter Doocy tried to explain this to her.
For every action there is an equal and opposite OVER-reaction.
I guess no one has ever heard of a yield curve?
It’s over her head.................
This looks just like the housing bubble in 2008. If you remember the price of oil shot up tremendously, then people had to decide whether they were going to drive to work or pay their mortgage. So when it all crashed we were left with the “messiah”.
I second the motion. Its pretty darn obvious at this point.
Got to love how Biden is blaming his sh*tty economy and high gas prices on the Russians.
How does he explain all the “I did that” stickers at gas stations and food stores well before Russia moved on Ukraine?
More omnivorously there is a huge downturn in food production to to increasingly scarce and much more expensive fertilizer. Thanks to the dismantling of the fossil fuel infrastructure natural gas, the key ingredient of fertilizer, simply is not available or too expensive. Also with the downturn in real productivity due to energy shortages, there will be inflation and many if not most people in the third world simply will not be able to afford what food is available. If there are poor harvests in India and China, there will not only be hunger but famine as well. Surefire formula for widespread wars. Thank a green activist and the moronic politicians they control, the next time you see one.
Ya think?
Everyone has predicted a recession/depression for so many years they have to be right eventually.
Definitely will harm the economy, although the extent will be tough to gauge. Investopedia primer:
https://www.investopedia.com/financial-edge/0511/how-gas-prices-affect-the-economy.aspx
FROM INVESTOPEDIA
KEY TAKEAWAYS
When gas prices rise, it can be a drag on the economy—impacting everything from consumer spending to the price of airline tickets to hiring practices.
Gas is an important input for transportation, which directly impacts households as they drive, but also businesses that rely on logistics and transportation chains around the globe.
If discretionary spending is hampered by higher gasoline costs, it can have knock-on effects throughout the broader economy.
(such as restaurants and retail purchases)
These people are delusional.
Does a large, bleeding, painful lump in your breast probably indicate cancer?
Does a big oil puddle under your car indicate an serious engine problem?
Does fire coming out of a jet engine presage an engine failure?
Does an inability to move one side of your body indicate a stroke?
Does a blood alcohol level of .23 taken after an accident mean you are a drunk driver?
Does a bear…you know the rest…c’mon man…
The article does not discuss the impact of the cost of a barrel of oil (triple since Bidet stole the election) which affects every product make from petroleum and petroleum byproducts which is a long long list....
You cannot triple crude oil prices without crushing the economy....
Tick, tick, tick....
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