Posted on 2020-02-11 19:05:00
[ Show older headlines ]
"My initial feeling is because we took out this guy, the world is a little bit less safe than it was the other day. And the risk premiums have to go up, because the odds of some type of hot war in the Middle East go up.
Sure, the US economy isn’t as vulnerable as it once was because we’re not importing as much as we used to. But consumers still have to buy oil. They still have to pay for things.
Prices are already going up, and this is going to add upward pressure on already increasing prices, which is going to be a negative for people who have to buy energy, or buy things that are transported using energy, or things that are manufactured with energy. I mean, costs are going to be going up and this is a negative.”