Why the price of oil..is everything.

[GFB]

“Should oil hold below $75, it presents huge bullish scenarios. Should oil hold below $60, it likely means there has been significant demand erosion, and things are breaking. Should oil hold above $90, it eventually (again, the keyword is “hold”) puts downward pressure on the dollar and becomes inflationary. Should oil hold above $100, it eventually becomes very erosive of demand and does real damage in other parts of the economy.”

David Bahnsen