MarketWatch (March 13)
“America’s “goldilocks” economy is over. The next seven days of the Iran conflict will set the stage for stagflation or global recession.” The U.S. was nearing perfection with unemployment at 4.4% and inflation down to 2.4%. Instead of basking in economic triumph, the U.S. now frets over a potential “doubling of the oil price,” which historically “coincides with a global recession. In today’s terms, that is $120-$140 a barrel. Brent crude brushed the bottom of that range earlier this week.”
Tags: $120-$140 bbl, Brent crude, Conflict, Doubling, Economy, Global recession, Goldilocks, Inflation, Iran, Oil price, Stagflation, U.S., Unemployment
Financial Times (July 4)
“If the BoJ sticks to its guns while the US Federal Reserve continues to raise interest rates, the yield divergence could spell a further collapse in the yen beyond the 24-year low. But if the BoJ moves to tweak its monetary policy, or if a global recession prompts a U-turn in US interest rates and a flight to safe havens, it could trigger an abrupt reversal.”
Tags: 24-year low, BOJ, Collapse, Divergence, Global recession, Interest rates, Japan, Monetary policy, Reversal, Safe havens, U.S.. Fed, Yen, Yield
