It Didn't Happen
Submitted by Grunden Financial Advisory, Inc on March 4th, 2010Remember in the summer of 2008 where oil hit $145 per barrel on its uninterrupted trek to $200 a barrel? Conversation with some clients and peers centralized around the inevitable built in cost increases due to the very reasonable thought that since oil permeated nearly every good and service prices will spiral out of control. Hyperinflation would follow and the rest would be history. It didn't happen. In reality, oil sank 77% to $34.00 per barrel within SEVEN short months! Read the following article featured in Foreign Policy titled "It didn't Happen" about how difficult it really is to predict what appears to be the most obvious outcome...