Look at that recent drop. US Consumption hasn't dropped off dramatically. The Bond market has been going haywire recently and I'm sure that the yield curve is getting closer to negative. But is this drop in oil prices going to boost the economy? Or is it indicative of an economy about to go into recession. Stay tuned.2015-05-12
Cost of oil consumption to US GDP
Look at that recent drop. US Consumption hasn't dropped off dramatically. The Bond market has been going haywire recently and I'm sure that the yield curve is getting closer to negative. But is this drop in oil prices going to boost the economy? Or is it indicative of an economy about to go into recession. Stay tuned.
No Malthusian collapse in the offing yet.
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