The supply-shock framework is preferable for investors because 'the cure for high prices is high prices'—meaning high oil prices naturally reduce consumption and restore supply-demand balance without requiring policy intervention.
normativepending
Speaker
Jeffrey ShermanEvidence Quote
“the nice thing about supply shocks is that the cure for high prices is high prices, right? And it does the behavior of slowing things down because it change your consumption basket.”
Created: 8/12/2026, 10:36:49 PM
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