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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (34909)6/27/2005 11:48:50 PM
From: Wyätt Gwyön   of 110194
 
Deutsche Bank economist Stefan Schneider, March 2003: "If oil stays above $30 a barrel for the remainder of the year, that could well do it for both [the European and U.S.] economies."

Chief UBS economist George Magnus, May 2004: "If it's at $40 and still rising, then it becomes more worrying. I think we're now at the bottom of a range where we do start worrying about growth."

American Enterprise Institute economist John Makin, October 2004, when oil was in the $50s: "If the price of oil is close to current numbers by the end of this year, we will have a recession next year."
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