The U.S. economy is much less energy-intensive than during the 1970s stagflation period, with a shift toward services and digital sectors rather than manufacturing, making it more resilient to oil price shocks.
causalpending
Speaker
Ed YardeniEvidence Quote
“Uh we are much less um energy intensive now than we were for example during the stagflationary 1970s where we got hit by by two oil shocks and those shocks spread very quickly to a broader inflation problem. Uh maybe that's less likely to occur this time. The economy is much more services. It's much more digital.”
Created: 8/12/2026, 6:33:34 PM
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