Oil isn't even core inflation. It will eventually reach goods if sustained, but the spot price of oil is only relevant to speculators. And it moves on news just like the speculative price of anything else.
What makes the writer of this comic a retard is he thinks that suppliers independently set the price of oil.
Oil isn't even core inflation. It will eventually reach goods if sustained, but the spot price of oil is only relevant to speculators. And it moves on news just like the speculative price of anything else.
What makes the writer of this comic a retard is he thinks that suppliers independently set the price of oil.
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