$105 Oil! and Freddie Mac
Larry Kudlow are we talking inflation yet?
Goldman Sachs: Oil Could Spike to $105
“We believe oil markets may have entered the early stages of what we have referred to as a “super spike” period — a multi-year trading band of oil prices high enough to meaningfully reduce energy consumption and recreate a spare capacity cushion only after which will lower energy prices return,” Goldman’s analysts wrote.
The analysts said resilient demand had led them to revise their super-spike range to $50-$105 per barrel from $50-$80 previously, noting strength in oil demand and economic growth in the United States and China especially.
(Hat Tip to LibertyPost.org)
And this news regarding Troubled Companies:
Freddie Mac, issuing its delayed financial results for 2004, said Thursday its full-year profit fell 41 percent as the mortgage giant reported a $4.5 billion drop related to its hedging activities.
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