I am trying to find out whether decline in growth is actually mechanically linked to oil price rises, or whether oil price rises merely represent a psychological shock factor whose detrimental effect wears off once consumers get used to the new reality, resulting in resumed growth. The bottom line of what I'm trying to understand is whether an oil-based economy is inevitably in decline when oil is in decline, or whether an oil-based economy is only in decline (even though oil may also be in decline) as long as anyone is frightened by this for lack of alternative scenarios.
2006-07-14
13:47:22
·
4 answers
·
asked by
Tahini Classic
7
in
Investing