| “We are now approaching what will be a very dark part of the global commodity price crash,” High Frequency Economics’ Carl Weinberg said. In a note to clients on Monday, Weinberg warns that the consequences of low oil prices will go from ambiguous to unambiguously bad.
Specifically, he argues that the initial beneficiaries of low oil prices will themselves become losers economically. “Regardless of whether the drop in oil prices has been good or bad for the global economy on balance, what happens next is sure to be bad,” he said...............................................Full Article: Source
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