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Washington Examiner

Oil red alert: 10 of 12 postwar recessions were preceded by crude price spike

Oil red alert: 10 of 12 postwar recessions were preceded by crude price spike
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The sharp and sustained rise in the price of oil during the war with Iran is a major warning for the United States economy. Oil price shocks are one of the most reliable signs of recession. Combined with other threats to commerce in the U.S., the run-up in oil prices should be an alarm bell […]

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