We're Going to Have a More Severe Recession

Central bankers are going to tighten monetary policy. And there i think we're headed, probably for recession. It's not clear how severe, but they want to bring inflation down. What i see is a drop in oil consumption and a that may help bring the market back into balance. High energy prices may have been a contributor to the whole credit crisis. But allan blinder, who was the vice chairman of the fed, and teachers at Princeton said energy really was not a big deal in two thousand and eight.