Ed Yardeni Dismisses Oil Price Surge Amid Iran War, Says It Does 'Less Damage' To US Economy

Ed Yardeni is downplaying the threat of the current energy spike, arguing that structural shifts and efficiency gains have rendered the U.S. economy resilient against oil-driven recessions.Decoupling Growth From EnergyYardeni contends that the correlation between oil spikes and economic downturns has weakened significantly since the 1970s. “The US economy now requires significantly less energy per unit of GDP than in earlier decades, reflecting efficiency gains and a shift away from manufacturing toward ser ...