Tuesday, January 27, 2015

Oil prices and global recession: which is the cart, and which is the horse?

 - by New Deal democrat

I have a new post up at XE.com.

It seems that a poll of investment analysts showed that a majority believe that a further drop in Oil prices will signal the onset of a global recession.  To the contrary, history shows that, if there is a recession, then a steep drop in Oil prices signals that the bottom is near.