In a speech on Fox Business Network Wednesday, Harvard University professor Kenneth Rogoff warned of the possibility of a recession in the United States and estimated that the Federal Reserve is unlikely to deliver a “soft landing” for the economy.
Decryption looks like this:
I wonder if the sell-off in oil prices is related to these expectations we’re seeing in this macro’s sharp slowdown. If you believe things are slowing down too fast and significantly, you believe oil prices will go down, right? Or is it another scenario due to the supply and demand dynamics of less oil and gas supply from America?
First, Europe is in worse shape than we are. They have energy problems, they trust Russia more and bear the cost of the war. It is also a part of world oil history. China may not be gaining momentum as fast as some reports suggest. Oil prices are determined all over the world. But the United States still has very high inflation and a very strong job market. I bet the Fed’s soft landing will not come true and they’ll lose, but I don’t think they’re going to cut inflation to their target in the next year and a half and there won’t be a relative decline. great shrinkage.
Source: Breitbart
