Oil a problem for any global soft landing

Advertisement

John Kemp has a piece today that is well worth repeating:

In the first scenario, the global economy tips into recession, cutting distillate consumption, boosting inventories and lowering prices.

Lower diesel costs filter through to the manufacturing and transport sectors and contribute to a deceleration in inflation.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.