Game Changer
Comment of the Day

October 14 2019

Commentary by Eoin Treacy

Game Changer

Thanks to a subscriber for this report by Ed Hyman and team at Evercore which makes a bullish case. It’s loaded with interesting graphics and I commend it to subscribers. 

Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area.

There are a couple of big points that stick out to me. The first is you can’t have a recession without unemployment rising. The second is oil price spikes have a causal factor in recessions over the last thirty years but we need to consider when they are a necessary cause. The third is recessions generally occur following a bubble in something. That sector represents the epicentre of risk and is most likely to collapse when the music stops.

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