Recession Drumbeats from the Jungle - Crouch Connection, February 2016

Recession Drumbeats from the Jungle Unfortunately, not much has changed since our last epistle about the world of finance. Volatility and uncertainty have been the norm, and positive news has been scarce. Oil prices have rebounded somewhat from the drop below $30, but almost all analysts seem now to agree that $20 is almost a certainty ... now that is a problem, because I begin to get nervous when everyone starts agreeing with me! This time I believe they have finally read their Econ 101 textbook. The International Energy Agency stated in a report released January 21: "We conclude that the oil market faces the prospect of a third successive year when supply will exceed demand by 1 million ba

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