Is “inflation” back? A big part of the answer to that question comes from the oil market, though not at all in the way you might think. A revisit of the 2008 crude oil bubble/shock to see what it can tell us about a lot more than consumer prices in 2024.
Eurodollar University’s Money & Macro Analysis
OPEC March 2024 Announcement
https://www.opec.org/opec_web/en/press_room/7305.htm
Remarks by Governor Ben S. Bernanke October 21, 2004
https://www.federalreserve.gov/boarddocs/speeches/2004/20041021/
James D. Hamilton Brookings Causes and Consequences of the Oil Shock of 2007–08
https://www.brookings.edu/wp-content/uploads/2016/07/2009a_bpea_hamilton-1.pdf
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU