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danielo

Iraq Breaks Down, Oil Surges

The context underlying the growing crisis
Monday, June 16, 2014, 11:58 AM

The situation in Iraq is serious, and is probably going to get worse before it gets better. The potential for this recent action to morph into a regional conflict is very high. That that means that oil could go a lot higher, and if it does, we can expect the odds of a global economic recession and an attendant financial crisis to go up considerably from here. » Read more