Quite the opposite. Russian/Ukranian crisis will fuel more inflation.
Ukraine/Russia produces a lot of food plus energy prices will likely go much higher as Nord Stream pipeline will be sanctioned. t.co/z4LUP3eyKF
— HOZ (@MFHoz) February 22, 2022
The cost of Russia's aggression in Ukraine will be deep recession, with financial conditions tightening sharply via interest rates, the stock market & CDS (white). Very little spillover to CEEMEA, including Turkey (orange) & South Africa (yellow). But contagion risk is high… pic.twitter.com/CJFzKoORip
— Robin Brooks (@RobinBrooksIIF) February 22, 2022
Central-Bank Tightening Is Doomed To End Prematurely t.co/kqbYXSiS1J
— zerohedge (@zerohedge) February 22, 2022
Stocks Reverse 2% Overnight Loss, Turn Green As Oil Nears $100 t.co/uTHgrxkA7j
— zerohedge (@zerohedge) February 22, 2022
Goldman does it. Morgan Stanley too. And JPMorgan. Wall Street's biggest banks are betting on inflation — and making billions doing it t.co/EcAlK6u6t5
— Bloomberg Wealth (@wealth) February 22, 2022
Phoenix home prices up 32.5% Y/Y in Dec. pic.twitter.com/jdOwlLgVkw
— zerohedge (@zerohedge) February 22, 2022
Here comes $7 gas prices, warns oil strategist in dire outlook
Drivers best start bracing for another surge in gas prices amid the conflict between Russia and Ukraine and years of under-investment by the oil industry, warns one veteran energy strategist.
“My guess is that you are going to see $5 a gallon at any triple-digit [oil prices] … as soon as you get to $100. And you might get to $6.50 or $7. Forget about $150 a gallon, I don’t know where we will be by then,” Energy Word founder Dan Dicker said on Yahoo Finance Live.
Dicker said oil prices could shoot higher to $150 a barrel, or in line to the “super spike” highs from 2007.
Oil prices have been red-hot lately as geopolitical tensions rise between Russia and the rest of the world.