Despite oil’s climb, U.S. economy bends, but doesn’t break
Posted by: in Stocks Money NewsFiled under: International markets, Other issues, Exxon Mobil (XOM), Middle East, Chevron Corp (CVX), ConocoPhillips (COP), BP p.l.c. ADS (BP), Commodities, Oil
Wall Street and academia are two fields that publish a great deal of research, albeit for different objectives and audiences.
Wall Street has a tendency to emphasize mainline research, a process that produces a great deal of specialized, up-to-the-minute research, but one that also can sometimes overlook — even intentionally exclude — research by niche or lesser-known researchers.
In focus: oil
One example: oil prices and the U.S. economy. Wall Street abounds in research describing oil’s impact on U.S. GDP. As most investors/readers know, the current consensus holds that as oil prices rise, the U.S. economy slows, and if it rises too high it can throw the economy into a recession.
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