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We are on the precipice.

Summary:
Oil at 0 brings GDP growth down to near zero. Prices sustained above that and the economy goes into recession.

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Oil at $100 brings GDP growth down to near zero. Prices sustained above that and the economy goes into recession.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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