The Macro Moment: The Price Of Oil Crashing And The Lesson From It

Last week the price of oil was skyrocketing; this week-crashing. Oil managed to enter bear market in 5 days.

In this video I discuss what the gloom and doom people rarely mention: cycles. What goes up very quickly usually comes down equally as fast. Nothing in markets is every a straight line. We might experience volatility for a while. However, if economic conditions are facing major headwinds, high oil prices (gasoline) will not last. History shows that the economy simply cannot handle oil at these levels.

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