The Soapbox

Stimp

Joined: 10/15/1998 Posts: 2186
Likes: 2021


Watch oil for your cues


Demand destruction starts at about $130 and growth is impaired. $200 will shave about two percentage points off global GDP. If consensus forecasts of 2022 global GDP of 2.6-2.8% are the baseline, a global recession can still be avoided this year (growth ratcheting down to 0-1% with oil at $200), but impossible for inflation to come down with oil at $200. There’s your stagflation playbook.

(In response to this post by 79 Wahoo)

Posted: 03/04/2022 at 09:59AM



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Current Thread:
  Watch oil for your cues -- Stimp 03/04/2022 09:59AM
  Define "out." ** -- Shenhoo 03/04/2022 09:14AM

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