The Energy-Recession Link
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 5 November 2023
⏱️ 26 minutes
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| 0:00.0 | Are you ready for a Monzo Business Bank Account? |
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| 0:20.0 | Just search Monzo Business. Only sole traders or limited company directors in the UK can apply. |
| 0:25.0 | Get tax pots with Monzo Business Pro for £5 a month. |
| 0:28.1 | Te's and sees apply. Welcome to this live edition of Stemos Sign today from my York Spain hot weather sunshine |
| 0:46.1 | all over the place here but it's not necessarily a sunny outlook for the European |
| 0:51.2 | economy nor for the US economy, nor for the US economy, despite a very, very strong retail report |
| 0:56.3 | coming out of the US, just minutes before going on air here. |
| 1:01.4 | So when we look at the recession playbook, I always find it very interesting to look at energy in the context of this recession |
| 1:10.6 | playbook because it is a very typical pattern to see energy performing in the months |
| 1:16.8 | prior to a recession commencing and I think we've seen that exact pattern again. |
| 1:23.0 | The question is just whether high energy costs will lead to a very different outcome |
| 1:28.0 | for the global economy compared to a year ago when we saw the exact same thing develop across energy markets. |
| 1:35.0 | So let's have a look at the energy demand and supply question |
| 1:39.0 | before we get to that recession playbook because energy is always |
| 1:42.0 | one of the important trigger points and one of the important catalysts to watch in the recession discussion. |
| 1:50.0 | Last week we had a discussion on whether the US gasoline consumption had dropped |
| 1:57.5 | material over the course of September and the early parts of October. |
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