Rob Armstrong

I think we can make sense of this, not perfect sense, but maybe as good sense as we can ever make of the wild squiggling that characterizes all markets everywhere always.

I mean, you know, I thought your column on this was excellent, Katie, but the numbers they are talking about.

I'm never nice.

I've taken some kind of a new pill this morning and they're working.

I don't know.

Anyway, the numbers they are talking about there.

are higher, higher than we are now, and well higher than we were before the war.

However— Well, the oil prices, you mean.

The oil—so Brent is, what, at 110 or something now?

Do you have that number in front of you?

I feel like from the work Hack Young has done and that I've done, you know, if we can keep it under 150 for the American economy, at least, that's bearable.

Maybe a different story for Europe.

Certainly a different story for Asia.

But like the danger zone, I think, is still above what most analysts are talking about.

I, of course, allow for the unpleasant possibility that the analysts are not pessimistic enough, which is.

Yes.

You know what I mean?

Yeah.

But, you know, I think the central hypothesis remains sometime in the next couple of months.

They managed to get the straight open.