This chart was motivated by the article History Suggests Oil Shock Raises Probability of U.S. Recession published last Friday by Bloomberg. According to the article, historical data shows that big surges in crude-oil prices have ended U.S. economic expansions and tipped the U.S. economy into recession.
Read MoreAs of today Bitcoin is trading at around $43K. This is about 50% down from its November 2021 record high. However, this is more than 80% up compared with its value at the beginning of the covid-19 crisis.
Read MoreMilitary expenditure by the top 15 countries reached $1603 billion in 2020 and accounted for 81 per cent of global military spending.
Read MoreFour ways to visualise CPI inflation forecasts.
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