cfish

The Oil Roller Coaster is Over

I don't believe GS can single handedly control oil price - a task even OPEC can't accomplish. Especially GS is trading futures with counterparties that aren't any dumber. GS certainly can't control the price of the dollar.

I go with the micro view. Talk to your local business owners and see what they say. I can tell you that the sentiment has improved greatly since Feb.

For many reasons, I think the consumer optimism is temporary. I do think inflation is coming, but not right now.