WhatFinger

Sharp 45% drop in oil prices can trigger a larger financial market crisis and a recessionary contraction

2015 Needs to be the Year of Normalization at the Fed


Ordinarily, the plunging oil prices experienced during the last three months would be welcomed as beneficial for the economy--lowering transportation costs and stimulating consumer spending. But these are not normal times, and the sharp 45% drop in oil prices can trigger a larger financial market crisis and a recessionary contraction.
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