If so, blame Mother Nature. I dread seeing my next heating bill and will most likely be selling a kidney on Ebay to cover the cost. A 2011 research paper by James Hamilton highlighted how historically, recessions occurred after a spike in crude oil prices. Well what do you think we're witnessing in nat gas here? Sure, it's an enormous short squeeze but what will the record snowfall, cold temperatures AND a spike in natural gas do for revenues, earnings and consumer spending?
I'm surprised MSM media isn't talking about this more. Sure, they're mentioning the slow down in the retail sector (charts already showed that) but what about the "R" word? Oh wait, their job is to prop up and distract "entertain". I almost forgot.