Some thoughts on the impact of $100 oil on the US, Europe, Japan and EM

Last week, WTI for November delivery passed the $76 a barrel mark. And since September, speculation has been rife that oil could top $100 a barrel in due course. If oil prices do continue to rise, that's going to have very different effects for the US and Europe, increasing the divide in economic fortunes and fuelling greater policy divergence.

The big p…

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