The global economy is now walking a tightrope, poised to sink into a nightmarish stagflationary universe. The “weapon” of oil, which historically has brought down empires, is being put to use again after the outbreak of war in the Strait of Hormuz. There has been no substantive agreement to reopen the Strait of Hormuz, as …
Tag: brent
USA: The real economy is collapsing, while the historic highs of the stock market show a false picture
President Trump’s panic about the unpleasant situation he faces and the risk of losing his position, comes from the real economy and specifically from the high cost of living with gasoline reaching $4.50 a gallon. The high cost of living for American citizens and the collapse in the polls forced President Trump to cancel Project …
High probability the Price of Brent to Remain over $115 by the End of 2022
The recent EU deal on a Russian oil embargo has put upward pressure and volatility again, with Brent prices hovering well above USD120 last week. Trust Economics (https://trusteconomics.eu) estimates that developments in the oil market are expected to hit growth. The geopolitical risk and the EU agreement will keep oil prices high during the summer …