Thatcher: High Oil Prices Will Cause Covid-Like Economic Impact

Sustained oil at around $100/barrel could produce significant economic impact within the next few months, warns Ted Thatcher. He likens the potential disruption to the Covid-19 pandemic, implying material downside risk to growth and upward pressure on inflation; position for a more risk-off, volatile environment.

Analysis

Sustained oil at around $100/barrel could produce significant economic impact within the next few months, warns Ted Thatcher. He likens the potential disruption to the Covid-19 pandemic, implying material downside risk to growth and upward pressure on inflation; position for a more risk-off, volatile environment.