At the Bottom of the Oil Barrel, There Is No Baseline for the Future

At the Bottom of the Oil Barrel, There Is No Baseline for the Future

How JP Morgan and Russia's central bank chief Nabiullina are signaling serious recessionary risk due to the global oil shock.

AT THE BOTTOM OF THE OIL BARREL THERE IS NO BASELINE FOR THE FUTURE

By John Helmer, Moscow  @bears_with It’s not surprising that JP Morgan, the largest bank in the US, and the Central Bank of Russia (CBR) under Elvira Nabiullina agree on the future and what’s to be done to get there profitably. However, when JP Morgan’s commodities research team – composed of three Russian émigrés to the US […]