The following are 11 signs that we are entering the next phase of the global economic crisis: #1 It is being projected that half of all fracking companies in the United States will be “dead or sold” by the end of this year. #2 The rig count just continues to fall as the U.S. oil industry implodes. Incredibly, the number of rigs in operation in the United States has fallen for 19 weeks in a row. #3 McDonald’s has announced ...
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Markets are recovering from Friday's big selloff, with stocks in Europe and the US rallying. West Texas Intermediate crude prices are near year-to-date highs, while gold is falling. In a recent note, Goldman economist Jan Hatzius said he sees US economic growth bouncing back in the second quarter after a below-trend first quarter. As for what else the rest of the year holds, Goldman's chief equity strategist ...
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