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Historically, since WWII each rapid spike of oil prices over 2006 100$/barrel for a few months is followed with a recession one year later. If the trend stays t
by wazoox 15y ago
Historically, since WWII each rapid spike of oil prices over 2006 100$/barrel for a few months is followed with a recession one year later. If the trend stays true, 2012 will be a recession year.
- watmough 15y agoIf you define recovery as a return to the pre-recession peak income less transfer payments, we've never actually recovered. http://cr4re.com/charts/charts.html?GDP#category=GDP&chart=PersonalIncomeLessTransferJune2011.jpg http://cr4re.com/charts/charts.html?GDP#category=GDP&cha... I suspect this would resonate with a majority of Americans.