Trump's war in Iran is going to sweep us all into the gutter.
Oil prices have started to come down for a worrisome reason. It's like the tide going out along the seashore, an ominous phenomenon heralding the approach of a tsunami that wipes out everything. The aftermath will be a global economic wasteland.
The largest oil shock in history caused prices to surge. Now they're so high that they have inducing "demand destruction." As a result of the acute energy commodity shortages stemming from the closure of the Strait of Hormuz, oil appears to have reached a point where it is now so expensive that overseas businesses and households have begun curbing investment and consumption. That means slower economic growth that is expected to bring about a depression far worse than the last one: The Great Depression in 1929.
The largest oil shock in history caused prices to surge. Now they're so high that they have inducing "demand destruction." As a result of the acute energy commodity shortages stemming from the closure of the Strait of Hormuz, oil appears to have reached a point where it is now so expensive that overseas businesses and households have begun curbing investment and consumption. That means slower economic growth that is expected to bring about a depression far worse than the last one: The Great Depression in 1929.
