
MacroVoices #292 Russell Napier: Knock-on Effects of Secular Inflation
Macro Voices
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Gasoline Is a Totally Different Game Than Crude Oil
Gasoline is a completely different game than crude oil in terms of the political significance of it. It's time as gasoline gets to multi year highs and we've already got a fairly contentious political situation for this to become a big political issue. The interesting part about the price action in the last week has been that we've had numerous times where net gas tried to sell off and immediately is met with buying. But the velocity of the intraday swings is just so intense.
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