Every time oil spiked in the last 30 years, recession came.

[enrick71]

From:
http://money.cnn.com/2003/02/27/markets/oileffects/index.htm

:eek:

 

[omcate]

Quote from enrick71:

From:
http://money.cnn.com/2003/02/27/markets/oileffects/index.htm

:eek:

I *** THINK **** US has been in recession for two years already.

 

[daniel_m]

perhaps you don't know the definition of "recession" then...

 

[FX-Trader]

Stupid oil price ! Why didn´t you spike in year 2000 ?

 

[C Robinson]

Quote from FX-Trader:

Stupid oil price ! Why didn´t you spike in year 2000 ?

i think it did:

"Again, recession. And then there was that jump in 2000, when oil went from $25.50 a barrel at the beginning of the year to a high of $36 in November. In March 2001, a recession began."

 

[FX-Trader]

Huh, there was no war with Irak in Nov 2000. Why did oil price move up to 36$ ?

 

[nitro]

Quote from omcate:



I *** THINK **** US has been in recession for two years already.

I agree.

nitro