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The price of oil has been associated with economic crashes in the past, and its been a bit of a forewarning system, or possibly a direct cause of past crashes. I look at the crash of 2008 compared to the price of oil and its large drop in 2008 compared to the price of oil now in 2015 and where it may end up.
We started at $115 a barrel in 2014, we’re down to $50 now, where will it bottom and does that bottom suggest a collapse is imminent either due to the oil or coincidentally with the price of oil?
Interesting comparison, let me know your thoughts.
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