Foreign Correspondence

[otraque]

<<China's growing need for oil might make it a little more difficult but a recession is still easily done.>> I haven't made my point clearly.
The continued demand for oil by China will make a GLOBAL recession much more likely.
The adage is when Oil prices rise because of demand rising above supply the cost of oil forces then a situation where this cost can not be stopped without a global recession.
As long as China need for oil builds the more likely a global recession will hit.
Realize this seems contra-intuitive, but the point is one year( some say even 6months) of 50 plus dollars per barrel would be quite destructive as even if China kept buying at increasing demand rest of world would be forced to lower demand.
Disclaimer : i am building a large longterm 2-1 ultrashort position against the NDX(meaning if i am wrong in the longterm i am toast:)