MacroVoices #351 Dr. Pippa Malmgren: Update on All Things Geopolitical
Macro Voices
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The September 26th Low Might Be the Bottom for Crude Oil Prices
The coming global recession could easily take crude oil prices much lower before the energy crisis eventually takes them much higher. The market has been very soft as more and more people come around to seeing the oncoming global recession, which I first predicted six months ago. A reopening surprise from China could easily change everything, but absent such news, lower prices are completely possible. If you invest to bring about a world powered by green energy, you should meet respect energy in Europe.
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