Oil Prices and Recessions

Will higher oil prices lead to another recession?

Ugh. Let's hope not.

But maybe this will squash inflation. I realize many believe that higher energy prices lead to inflation. But the reality is that we will pay the price to drive, but reduce our consumption (ie demand) for other things (goods and services).

Yes, we send more cash overseas to Saudi Arabia and to our neighbors Mexico and Canada for oil. But then we spend less at Applebees and Best Buy.

The oil spike in 2008 led to a recession and historic lows in inflation and interest rates.
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Mixed tape as I type. Dow up and NASDAQ down. Not very healthy but not too depressing. Pre-options week and all.

I remain long, but in lower beta and some oil stuff. Not trading much. Getting mentally prepared for March Madness!