The impact of oil prices (whether due to structural peak or cyclical factors) is incorporated in my analysis, with reference to the stickyflation constraint on the MPC's ability to reduce interest rates. Peak oil (or not as there is a debate here) is not the primary trigger with regard to recession risk except in so far as it reduces discretionary spending in other areas.
The impact of oil prices (whether due to structural peak or cyclical factors) is incorporated in my analysis, with reference to the stickyflation constraint on the MPC's ability to reduce interest rates. Peak oil (or not as there is a debate here) is not the primary trigger with regard to recession risk except in so far as it reduces discretionary spending in other areas.
iodchannel 3 years ago