Oil Prices Declining for the Wrong Reasons (VIDEO)

By Todd Harrison  JUN 04, 2012 3:15 PM

Todd Harrison appeared on Yahoo Finance's "The Daily Ticker" and discussed why we should worry about falling oil prices.



Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter.

Todd Harrison was on The Daily Ticker with Aaron Task and Henry Blodget on Monday discussing the negative impact of plunging oil prices. Despite lower gas prices for consumers, the decline in the price of oil indicates a contracting global economy. Todd stated, "[I]f crude is at $150, odds are that other asset classes -- barring a war -- are up there with it, including stocks, so you have a wealth effect that will more than make up for higher prices at the pump."

See the full video segment below.


Twitter: @todd_harrison

No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

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