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Consumer sentiment, NY manufacturing, oil prices

Summary:
2008 type of collapse: Lowest ever: Saudi OSPs are still at premiums to fair market value, and the price trend is still up. If it keeps going all heck breaks loose: The President threw the strategic petroleum reserve at it, and lots of other nations did the same, to no avail. And the calendar spreads in the futures market is indicating absolute spot shortages:

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2008 type of collapse:

Consumer sentiment, NY manufacturing, oil prices

Consumer sentiment, NY manufacturing, oil prices

Lowest ever:

Consumer sentiment, NY manufacturing, oil prices

Consumer sentiment, NY manufacturing, oil prices

Saudi OSPs are still at premiums to fair market value, and the price trend is still up. If it keeps going all heck breaks loose:

Consumer sentiment, NY manufacturing, oil prices

The President threw the strategic petroleum reserve at it, and lots of other nations did the same, to no avail. And the calendar spreads in the futures market is indicating absolute spot shortages:

Consumer sentiment, NY manufacturing, oil prices

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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