#18 - Higher energy prices triggering a recession?

The podcast discusses the potential impact of rising energy prices on the US economy and the dollar, including the challenge to the dominance of the US dollar and the possibility of an earlier recession. They also analyze the consequences of a lack of agreement on spending, including automatic spending cuts and the possibility of a recession. The speakers discuss recent trends and signals in the energy market, including their long energy bias and the cracks in gasoline prices. They also touch on the decline in gasoline demand, implications for the transportation industry, and the decision to buy consumer discretionary stocks. Finally, they discuss the argument for being long on a certain metric and their temptation to say that the dollar is a strong place to hide.