Monday, May 30, 2016

Did They Do it Again?

I waited a few months to post this.

The Economist Magazine famously called the bottom (by accident) for oil back in 1999 when they predicted the price would fall to $5/barrel.
The January 23, 2016 cover of The Economist warns of cheap oil and its effects on different nations.
I have circled Jan 23 on the oil chart below. Did they do it again?

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