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Massive fallout US, China, global economy not to mention banking for the rest of this year.
Led by Saudi Arabia, OPEC announced a surprising round of substantial and "voluntary" production cuts to combat sagging (not surging) crude oil prices. In doing so, the group confirmed every negative suspicion (and so much data) surrounding the economy's chances for this year and into next.
Eurodollar University's Money & Macro Analysis
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The skinny
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