🇺🇸 Oil is spiking like the 1970s but the economy underneath looks like 2008, and the latest inflation report just showed it George Gammon read the week's strangest number as a warning. Oil spiked, yet core inflation, the basket outside food and energy, came in flat, meaning families are coverin
@marionawfal·Jul 20, 2026·2 sources·negative
Read articleAI Summary
George Gammon warns that oil spike and flat core inflation signal demand destruction reminiscent of 2008, with bank lending as the key variable.
All Sources
🇺🇸 Oil is spiking like the 1970s but the economy underneath looks like 2008, and the latest inflation report just showed it George Gammon read the week's strangest number as a warning. Oil spiked, yet core inflation, the basket outside food and energy, came in flat, meaning families are coverin
@marionawfal
Jul 20, 2026
🇺🇸 Oil hit $140 in 2008, everyone screamed inflation, and two months later rates were at zero. George Gammon breaks down why the 1970s burned hot while 2008 collapsed cold, and why the difference had nothing to do with the Fed: "The beginning of the movie can start the exact same way, but the mi
@marionawfal
Jul 20, 2026