@B_Eichengreen Trouble is $ link to commodities and EMs feeding through to global trade as evidenced by Baltic Dry as @D_Blanchflower notes
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@B_Eichengreen@darioperkins The abruptness of the drop is causing (and may be caused by) uncertainty and fear. It's contributing to panic.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@B_Eichengreen@darioperkins I think low prices and downward sloping price paths help on net if steady but that price dives do not.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@B_Eichengreen@darioperkins I don't think it's out of consensus, though it is being questioned.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@B_Eichengreen Hmm. US a net energy exporter. Low natural gas will help Europe, but taxes mean petrol prices already as low as they can goThanks. Twitter will use this to make your timeline better. UndoUndo
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