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Yes, but how many of those dramatically jumped recently? Two years from now, sure, you’ll have to ask about other things but it’s not like the commodities marke
by acdha 2y ago
Yes, but how many of those dramatically jumped recently? Two years from now, sure, you’ll have to ask about other things but it’s not like the commodities market had other massive upsets this month.
- graemep 2y agoOil has varied in a range of about 23% in the last few weeks, and the USD to CNY rate. Raw material for many things (like plastics) and obviously used for transport.
- CamperBob2 2y agoOil has primarily gone down. Demand destruction tends to do that.
- graemep 2y agoIt went up then down. Either way, its still makes the assumption that "price change is purely due to tariffs" inaccurate - it just changes the direction of the error.
- acdha 2y agoOil has gone down, though, and the primary driver for the volatility was the tariffs. It’s not like there was a big change in production or something like the pandemic causing millions of people to change their driving habits. Again, the question is simply what non-tariff factor would explain non-trivial prices over a month? If there isn’t one, it doesn’t seem unfair to attribute the increase to a huge policy change.
- littlestymaar 2y ago> Again, the question is simply what non-tariff factor would explain non-trivial prices over a month? Having the most economically clueless US president in a century and watching his erratic behavior in real time. Tariffs are only a small piece of the puzzle.