Where Was The Damage From Higher Crude Oil?
Higher crude oil prices have been accompanied by stable inflationary expectations and long-term interest rates, declining credit spreads, a flattening yield curve and a stronger economy. Are we better off now than we were four years ago, when prices were in the $20s? Yes.
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Commentaries — July 21, 2005
Where Was The Damage From Higher Crude Oil? Higher crude oil prices have been accompanied by stable inflationary expectations and long-term interest rates, declining credit spreads, a flattening yield curve and a stronger economy. Are we better off now than we were four years ago, when prices were in the $20s? Yes.