Oil hits $111 a barrel!!!!

Investment Analysis Clubs Macro Economic Trends and Risks
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Oil has hit $111/barrel for WTI.

If the Fed was looking to cool off the economy this will do it as high energy costs has historically work as a brake on consumers.

OTFoolish

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Oil has hit $111/barrel for WTI. If the Fed was looking to cool off the economy this will do it as high energy costs has historically work as a brake on consumers.

So, the economy slows while inflation rises. Sounds like it could lead to stagflation.

DB2

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Sounds like it could lead to stagflation.

DB2

Oh boy. I remember them days. It was a nasty decade (1973-1983). 7% to 13% inflation & 8% to 10% unemployment. Though this time around there seems to be plenty of jobs.