Considering the source - an economist working for one of the largest banks in the world who has a track record of predictive success...take it or leave it, doesn't matter to me.
As for oil, the price can go higher due to demand outside the United States, which is possible.
As far as I'm concerned, there are no more "likely" scenarios to be played out within macroeconomics and the economy. The "changes" that have been applied after the last collapse have only reinforced the same system...there have been no structural reforms.
Caveat emptor as usual.
Bookmarks