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
November 22, 2024
Sundays With NoelRichard LingemanNovember 22, 2024
The Elon Musk Holiday SpecialNovember 22, 2024
Acting on Climate Change?Peter KuperNovember 22, 2024
Democrats Must Do Everything They Can to Block the Dangerous Nonprofit BillDarryl LiNovember 22, 2024
With Trump in the White House, Can Mexico Avoid Making the Drug War even Bloodier?Juan David Rojas
Chris HayesTwitterChris Hayes is the Editor-at-Large of The Nation and host of “All In with Chris Hayes” on MSNBC.