So we have a war. A supply-induced oil price surge. A tighter Fed. Full employment. A flat yield curve. And an asset bubble. Sounds a lot like 1990! What came next? A recession. #RosenbergResearch #Ukraine
— David Rosenberg (@EconguyRosie) March 3, 2022
Not every recession is led by a 50% rise in crude.
But every 50% rise in crude has led a recession. pic.twitter.com/PN3vWuzQj9
— Jim Bianco biancoresearch.eth (@biancoresearch) March 3, 2022