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The World Isn’t Prepared for What Just Happened to Oil

The World Isn’t Prepared for What Just Happened to Oil

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Oil tumbled today nearing its multi-year low as a massive supply glut hangs over the marketplace. But it’s not supply where the glut is coming from. Meanwhile, rates also tumble as everyone – even the media – is getting ready for a September fifty out of the FOMC. In fact, these and the rest of the evidence are all the same thing, different sides of the same crude coin.

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Credit to : Eurodollar University

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