MacroVoices #344 Alex Gurevich: A Deflationary Depression Lies Ahead
Macro Voices
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OPEC Is Going to Defend the Price and They're Done Playing Nice With the White House
OPEC Plus has become extremely frustrated with particularly the United States but also with other countries that have strategic petroleum reserves. The bottom is probably in at 76 spot 25 on WTI, I expect lots of volatility and fireworks through election season. There's plenty of room for more downside shocks when the recession news gets worse which I predict it will. But we're certainly in a bottoming process if the final bottom isn't in I think it's very near.
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