The PunchLine: “The Oil Crash Is No Small Matter…Repurcussions Will Be Extensive”
by Tyler Durden
ZeroHedge.com
01/18/2015
What a way to start the year. The crash in oil prices is no small matter. The previous down sweep in energy prices occurred in the midst of the financial crash 0f 2008 and Great Recession. Oil prices soon reversed afterwards and climbed back to dizzying heights, even as world economic and financial recovery remained fragile. However, as Abe Gulkowitz explains in his usual ‘all-the-charts-that-are-fit-to-print’ letter, this time it would be foolish to bet solely on such a similarly quick snapback…“The various repercussions will be extensive…”
The Rest…HERE
