and now, some oil commentary…

Since falling oil prices are great and terrible for the global economic recovery and consumers, it follows that rising oil prices (they’re up 60% in a few months) will be equally great and terrible for the global economic recovery and consumers.

crude

 

That’s just basic math, player.

The consumer did not benefit at all from the drop in oil, but might be greatly hurt by the rebound. Or vice versa – the consumer did benefit, but the rally higher won’t hurt at all.

Similarly, the plunge in oil prices was not meaningful for the global economy, but the rise is signaling economic health!

We can have it both ways because it’s 2016 and nothing matters. You can literally say whatever you want.

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

What's been said:

Discussions found on the web
  1. Landmark Links April 15th – Looming commented on Apr 15

    […] heads, it was bad for the economy when oil prices were plunging so is it now good that they have rebounded to $40/barrel?  See Also: Why wasn’t there any economic boost from low oil […]