MacroVoices #332 Lyn Alden: Energy, Inflation, The Dollar & More
Macro Voices
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Crude Oil - What's Happening in the Oil Markets?
Eric Schlossberg: We are in the midst of a tug of war. The macro bears are becoming increasingly aware of the imminent global recession that we've been talking about for a couple of months here on. Meanwhile, the bulls are the people who act understand crude oil fundamentals, and they're looking at a supply side crisis. And yes, your demand destruction is certain to occur, because i predict that this recession will be longer and deeper than almost anybody is predicting. I don't think it's going to be enough," says Schlossberg.
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