BBC: Oil at $150 will trigger global recession, says boss of financial giant BlackRock
BBC: Oil at $150 will trigger global recession, says boss of financial giant BlackRock
@ai6yr 150??? Way way before that I think.
Gas at Costco was 5.29 a gallon today in Sunnyvale. California
I think at 125 things will grind to a halt. people will stop traveling unless necessary and most will hunker down financially and stop most discretionary spending. Living with durable goods for longer and longer etc. No spending means the economy will start to grind to a halt
It is almost as if his goal is a recession or depression. Are we missing a larger goal here?