Saturday, February 6, 2016

Citi strategist warns of ‘Oilmageddon’

'A CNBC article posted Friday as the top headline on the Drudge Report warned that the global economy is trapped in a “death spiral” dubbed by Citibank strategist Jonathan Stubb as “Oilmageddon” – referring to the dramatic drop in world oil prices and the possibility of a global economic meltdown, or “Armageddon.”

“The world appears to be trapped in a circular reference death spiral,” Citi strategists led by Jonathan Stubbs said in a report Thursday, as reported by CNBC.'

Read the rest in an article at WND here: Citi strategist warns of ‘Oilmageddon’

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