Sunday, April 26, 2009 at 07:48AM
Skeptic in Crude oil prices
Professor James Hamilton documents that 10 of the last 11 US recessions have closely followed crude oil price spikes and discusses causation in this post, where he also links to work he has been doing on this subject since 1980.
Article originally appeared on realitybase (http://www.realitybase.org/).
See website for complete article licensing information.