Bank economists take issue with the absurd assertion that higher oil prices, by pushing...

|By:, SA News Editor

Bank economists take issue with the absurd assertion that higher oil prices, by pushing inflation onto Japan, will be a boon to its economy. Macquarie remembers the last oil surge tipping Japan into recession long before Lehman blew.  As Cullen Roche notes, the recent surge in crude is profoundly deflationary.