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 2007 writes: Oil prices mckilloped up through $70 / bbl. and the economy refused to tank, just as the master* predicted. While a few observers noticed the fed had thrown caution to the wind and had its collective foot no where near the hose, one must give credit where due. The new oil price regime was undoubtedly helping provide some incentive to transition to whatever comes next and as far as anyone knows, the economy, if not booming, was certainly holding its own. So McKillop had been right all along.
Policy Pete
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Posted on Wednesday, August 31 @ 06:32:53 PDT by Leanan |
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