Week Ahead: War And More War

Marc Chandler17.13K FollowersFollow5ShareSavePlay(21min)CommentsSummaryA 10% rise in the real price of oil boosts headline inflation by 0.15-0.4 percentage points in the first year.Economists are often careful to note that oil may have been a contributing factor, but not always the primary cause.The combination of higher oil prices and a weaker euro poses a new inflation threat to the eurozone if sustained.The Middle East war stalled the offshore yuan's strengthening trend. The offshore yuan fell last week, snapping a four-week advance.Mexican growth looks sufficient to keep recession fears in check and allow the central bank time for price pressures to ease. matejmo/iStock via Getty Images The Middle East war changes everything.

And President Trump's demand for an unconditional surrender makes a near-term off-ramp more difficult to envision. Moreover, the impact ripples through a wide swath of the global economy. Food is very oilThis article was written byMarc Chandler17.13K FollowersFollowMarc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense