WARNING! Another Economic Time Bomb Just Exploded
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#oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar
The FOMC concluded its meeting today and all eyes were on the dots when they should be scanning the oil patch. Surging crude - strictly as a supply matter - isn't inflationary but recessionary with a possibility of contributing some deflationary pressures, too. History is conclusive on the matter and recent data is all on that side, too.
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