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Bloomberg is turning into the Wired of financial reporting. It's not that clear that the fall in energy prices has been all that good for the rest of the econo
by ArkyBeagle 11y ago
Bloomberg is turning into the Wired of financial reporting.
It's not that clear that the fall in energy prices has been all that good for the rest of the economy.
What's ... tension inducing is that in 2008, the event that triggered Fed tightening was an uptick in oil prices. Some will disagree, but this was the thing more than anything else that helped us have the recession by many stories - the financial crisis itself didn't last that long.
And to those who would pretend the energy sector doesn't exist, you could get your wish.