Oil prices may be dropping, but oil is still headed for $140 per barrel, Goldman Sachs said on Thursday, and could even hit $140 in the face of a recession.
“$140 is still our base case because, unlike equity, which are anticipatory assets, commodities need to solve for today’s mismatched supply and demand,” energy analyst Damien Courvalin said, who compared today’s market to the recession in 2008.
At that time, oil prices rallied even during the ...

the housing market and the auto market haven't tumbled yet, not even a quick shake, but it's incoming. So many people are close to tapped out and can't afford an unforeseen divorce, job loss, car breakdown, medical issue, etc. They would have been able to handle those variables under good economic times, but not under record gas prices, record food prices, etc, on top of record high mortgage and auto loan payments.
Will t...