A Worrying Signal From Oil Traders Of A European Recession ...Middle East

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A Worrying Signal From Oil Traders Of A European Recession
source : OILPRICE ( Middle East ) () 32
Recession has always been a politically sensitive word. Today, it has become so sensitive that some economists and politicians are trying to redefine it to make it lose some of its sting. The reality of a recession, however, is impossible to redefine. In Europe in particular, consumers are feeling the slowdown in economic growth in their wallets, and so are traders. There is one big difference between the two though. When a recession is looming, consumers curb spending. Traders, on the other hand, begin selling. Reuters’ John Kemp reported…

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