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Despite oil's climb, U.S. economy bends, but doesn't break

Gas is advertised in Chicago last month. Wall Street and academia are two fields that publish a great deal of research, albeit for different objectives and audiences.

Wall Street has a tendency to emphasize mainline research, a process that produces a great deal of specialized, up-to-the-minute research, but one that also can sometimes overlook -- even intentionally exclude -- research by niche or lesser-known researchers.

In focus: oil

One example: oil prices and the U.S. economy. Wall Street abounds in research describing oil's impact on U.S. GDP. As most investors/readers know, the current consensus holds that as oil prices rise, the U.S. economy slows, and if it rises too high it can throw the economy into a recession.

Continue reading Despite oil's climb, U.S. economy bends, but doesn't break

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Last updated: November 14, 2009: 08:10 AM

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