Crude still not yet formed bottom...
Take care...
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Crude
Crude bleeding as expected...
Crude bottom not yet formed...
Read the chart at your end......and do analysis...
The quarterly declines in GDP growth we anticipate substantially exceed anything previously recorded going back to at least World War II.
The fiscal response could turn out to be huge, with serious discussion in the US of stimulus packages amounting to 6% of GDP on top of already significant automatic stabilizers. In Europe, the fiscal rules have been effectively suspended and leaders pledge to spend “whatever it takes”.

