3min chapter

Forward Guidance cover image

Michael Kao: Bank Bailout Allows The Fed To Tighten Even More

Forward Guidance

CHAPTER

Oil Prices

Many thought that the great China reopening would create this hyperbolic move in oil. I've been saying for also about a year and a half, you're not going to basically shut off the Russian oil spigot with price caps. And so that's the supply picture. Talk to me about demand. If we are approaching a vanilla recession, why might the demand not go down enough for the price of oil to decline? And you said the price ofOil might even go up during a recession. Maybe you can draw on recessions before 2008.

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