Should you be worried about the oil price, asks UBS
UBS advises on whether we are returning to a high inflation world.
Oil prices have steadily increased over the last
seven years, reaching an all-time high of more
than $75 per barrel in May 2006 and
intensifying worries about inflation pressures.
Remembering the experiences of the mid-1970s and early-
1980s, such fears might be justified at first glance.
However, pondering longer, it becomes puzzling that the
steep increase in oil prices has had until now only benign
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