Sunday, March 13, 2011

This is not about oil doubling

(24-month percent change, $/barrel) ht Reformed Broker

In that chart right to the left, David Rosenberg of Gluskin Sheff points out that oil prices have gone up a lot, and that in some instances in the past when this happened, a recession ensued.

I was never a fan of Rosenberg but I'm not attacking his work or logic. I am also not a fan of the current macro/market debate.  On the blog where I first saw this chart, the comments section was unreadable.  Everybody has an opinion about why we are here, where we are going, and it feels like it's less fact-based than ever.

See how I didn't give you my opinion on oil prices?


The Spring Ahead nonsense is nonsense.  

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