Energy prices have turned into the most important issue in economics. Their trajectory will shape the future behavior of consumers, central banks, and investors alike. Oil prices have finally started to lose power, joining the ranks of other struggling commodities. If the rout deepens, both inflation and recession nerves could calm down a little, opening the door for relief rallies in FX and equity markets. There has been a seismic shift in global markets lately. Concerns around inflation running wild have finally been dialed back, overshadowed by risks about economic growth as interest rates move higher at lightning ... (full story)