Originally Posted by
Hawkerdriver1
Guys,
The chart below, ( Credit Steven Van Metre,) shows the historical correlation between energy prices, the housing market & the economy as a whole. The red line being energy prices. The blue line housing prices. The grey areas when recessions occurred.
if you look closely, you’ll see that every time energy prices spiked, it had a negative impact on housing prices & the economy….
This, combined with the highest inflation report in 31 years, compels me to recommend a “re-allocation” of portfolios now.
HD
No, you don't see that. You are just cherry picking that chart.
Plenty of "spikes" in energy prices with no recession. Yet you just pick up the ones that support your agenda.
2001 recession is after the spike.
Why no recession in 2006?
Why no recession in 2012?
Why no recession in 2017?
And if you are trying to draw a line between housing prices and energy prices, what happened in 1997?
You heard about this from a talking head on Youtube, didn't you?