« Josh Levin on NBA Trades |
Main
| Face Of The Day »
20 Feb 2008 07:15 pm
What Recession?
by Reihan
James Hamilton seems to think that the spike in oil prices means the smart money is betting that a recession is not on the way.
Or you could try a line that to me seems a bit more natural: incoming data aren't confirming the initial notion held by many that a recession began in December. If so, it means that the Fed's easing will come to an end within a few months, and that the demand for oil, copper, and most everything else is going to be stronger than many of us had been anticipating as of a few weeks earlier.
Somehow I don't think Nouriel Roubini is buying this line of argument. If Roubini is right, I'm planning on stockpiling enough emergency beef stroganoff to last me through the next two decades.
Share This
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c45669e200e550702dac8834
Listed below are links to weblogs that reference 'What Recession?'
