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$100 Oil May Mean Recession as U.S. Economy Hits ‘Danger Zone’

Posted on 14 November 2007 by TruthNews.us


Simon Kennedy and Joe Richter
Bloomberg
November 13, 2007

Rising fuel prices that businesses and consumers took in stride earlier this year may now be near the point of pushing the weakened U.S. economy into recession.

“We are in a danger zone,” says Nariman Behravesh, chief economist at Global Insight Inc. and a former …

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