Gate News Report, March 10 — Deutsche Bank Research Chief Jim Reid pointed out in a recent report that the current global energy market trend bears a “striking resemblance” to the macro trajectory before the second oil crisis in the 1970s. The report shows that both storms occurred 4-5 years after a surge in inflation, with Iran at the center of both crises. Jim Reid stated, “Whether history repeats itself depends entirely on how long this conflict lasts.”
Deutsche Bank also highlighted key differences between the two periods: in the late 1970s, inflation expectations spiraled out of control, and the second oil shock ignited a “wage-price spiral,” forcing central banks to adopt aggressive monetary tightening policies; whereas today, despite the inflation surge in 2022-23, long-term inflation expectations remain unusually stable.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Nasdaq-100 Gains Expand to 1.5%
Gate News message, April 24 — The Nasdaq-100 index (U.S. technology stocks benchmark) expanded gains to 1.5%, according to Gate's market data.
GateNews6h ago
U.S. Treasury Secretary Yellen Says Dollar's Dominant Status and Reserve Currency Position Further Strengthened
Gate News message, April 24 — U.S. Treasury Secretary Janet Yellen stated that the dollar's dominant status and reserve currency position have been further strengthened.
GateNews7h ago
U.S. April One-Year Inflation Expectations Fall to 4.7%, Below Forecasts
Gate News message, April 24 — U.S. one-year inflation expectations for April came in at 4.7%, falling short of the market forecast of 4.8% and the previous month's reading of 4.8%.
GateNews7h ago
Turkey's Central Bank Gold Reserves Increase by 30.68 Tons to 730.57 Tons
Gate News message, April 24 — Turkey's central bank reported that its gold reserves increased by 30.68 tons as of the week ending April 17, bringing total holdings to 730.57 tons based on international accounting
GateNews9h ago
Europe's Stoxx 600 Index Narrows Losses to 0.3%, Down from 1% Earlier
Gate News message, April 24 — Europe's Stoxx 600 index (the primary benchmark for European equities) narrowed its losses today, currently trading down 0.3%.
The index had fallen as much as 1% earlier in the session before recovering some
GateNews10h ago
TradFi Fall Alert: XTIUSD (WTI Crude USOIL) Falls Over 2%
Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews10h ago
