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Food & Energy Prices Warn of Recession

cnbc_energy_cost_recessions_1973_2009.gif

Every recession since 1973 has been precluded by by a rise in energy and food costs to over 6% of personal consumption with the exception of the the “tech meltdown”. The data suggests we are at the tipping point one more time. This bears a close watch as it has not been felt in the markets yet but if the past is any prelude to the future…

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