Julian Jessop
Julian Jessop
concerned reasons
There are more macroeconomic reasons for the Americans to be more concerned than the Europeans.
economic growth higher mean oil prices question relative weaker
Other things being equal, higher oil prices will mean weaker economic growth, but the question is weaker relative to what.
barrel dollars economy growing midst oil per percent prices
If we had 70.0 dollars per barrel on oil prices in the midst of a recession, I would be very worried, but 70.0 dollars when the world economy is growing at over 4.0 percent is not such a big worry.
albeit domino iceland possible small tip
It is possible that Iceland is the tip of the iceberg, the first domino to fall, albeit a very small one.