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by fny
1493 days ago
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I think 10% happening is not that unrealistic. If oil prices return to 2008 levels ($150 a barrel) that's effectively another 36% inflation. If natural gas prices in the US converge with European prices, you have another 400% increase in the cards. The fed will have a choice: hike rates to slow demand (10%) *OR* keep rates highish and allow financing for more supply to come online (5%). Who the hell is going to finance new gas exploration at 10%? |
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