Sep 05 2008
Revisiting the Impact of the Stimulus and Crude and the Dollar
Something occured to me today. A while back I posted Crude Oil Prices and the Economic Stimulus Package in which I showed and interesting coincidence between the approval of the economic stimulus package and the bottom in oil prices back in February. I decided to revisit that today.
When did Crude Oil peak? It was back in July just before the stock market hit it’s bottom. That’s also when the dollar made its low against the Euro.Â
When did the stimulus start running out? According to the economist I work with, the bulk of the payments went out in May and June. Hmmmm….
Of course that’s not enough to prove causality, but it does provide something to talk about.
Here are some other posts which might interest you:
