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Irrational Exuberance, Again? [Eurodollar University, Ep. 179]

Eurodollar University

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Is Emil Crazy?

In august of 19 90, a rock suddenly, surprisingly, shockingly, invaded coat. One of the immediate products of that was a spike in oil prices. In fact, it looked like the oil market knew it was coming before s and en did,. interesting, probably before the c i a and intelligence agencies. And that doubling of oil prices had the effect of the same thing that happens throughout history when oil prices suddenly rise rapidly: we were in recession.

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