{"id":42666,"date":"2022-06-08T23:39:08","date_gmt":"2022-06-08T23:39:08","guid":{"rendered":"https:\/\/harchi90.com\/the-market-is-worried-that-oils-rise-may-cause-a-recession\/"},"modified":"2022-06-08T23:39:08","modified_gmt":"2022-06-08T23:39:08","slug":"the-market-is-worried-that-oils-rise-may-cause-a-recession","status":"publish","type":"post","link":"https:\/\/harchi90.com\/the-market-is-worried-that-oils-rise-may-cause-a-recession\/","title":{"rendered":"The market is worried that oil’s rise may cause a recession"},"content":{"rendered":"
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CNBC’s Jim Cramer broke down why oil’s skyrocketing price has Wall Street worried about a recession, pointing to the fall in oil stocks on Wednesday even as crude hit record levels.<\/p>\n

“As long as oil prices keep climbing, it’s hard to make the case for a soft landing. Oil’s a nightmare for the Fed. It reverberates throughout the whole economy, and there seems to be no stopping it,” the “Mad Money” host said. <\/strong>“Every time crude goes up, so do the odds of a recession,” he added.<\/p>\n

Oil prices reached a 13-week high on Wednesday. While energy names in the S&P 500 recorded a slight gain, only a handful of the stocks were positive.<\/p>\n

“I don’t believe in the stagflation thesis,” Cramer said, referring to when the economy undergoes a slowdown while inflation and unemployment run high. “Ideally, we can wangle our way out of energy inflation with more supply” from American producers.<\/p>\n

Cramer said that if prices continue to climb, that could lead to demand destruction, which in turn could lead to a recession as consumers pull back on spending overall – which means trouble for the economy and policymakers.<\/p>\n

“Even if we don’t get a lot more supply, the price of oil will eventually come down simply from demand destruction. But if it’s done that way, we could be in for a miserable, long, hot summer,” he added.<\/p>\n<\/div>\n<\/div>\n

.<\/p>\n","protected":false},"excerpt":{"rendered":"

CNBC’s Jim Cramer broke down why oil’s skyrocketing price has Wall Street worried about a recession, pointing to the fall in oil stocks on Wednesday even as crude hit record levels. “As long as oil prices keep climbing, it’s hard to make the case for a soft landing. Oil’s a nightmare for the Fed. It …<\/p>\n

The market is worried that oil’s rise may cause a recession<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[116,118,246,245,112,231],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/105444612-1536690347185img_2729rrr.jpg?v=1554152757&w=1920&h=1080","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/42666"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=42666"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/42666\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=42666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=42666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=42666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}