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1. Futures
At the end of January, oil was $65 per barrel. As I’m writing it’s $89 per barrel. That’s bad. But it’s not the worst signal. No, that would be the futures curve showing where the market expects oil prices to be this summer:
Before you think I’m getting carried away, $80 oil in JULY would be a huge problem.
Let me explain how royally Donald Trump has fucked the American economy.