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Dear R. Hunter,

In case you happen to be tuning in to Closing Bell on MSNBC today, I
wanted to let you know that I will be appearing at 4:20PM EST on a panel
on the global economy. The oil price is critical, and as my colleague
Anatole Kaletsky writes today from London: If one number determines
the fate of the world economy, it is the price of a barrel of oil. Every
global recession since 1970 has been preceded by at least a doubling of
the oil price, and every time the oil price has fallen by half and
stayed down for six months or so, a major acceleration of global growth
has followed. You can access the full article at:
http://www.project-syndicate.org/commentary/oil-prices-ceiling-and-floor-by-anatole-kaletsky-2015-01#lmv6HReL36aIxoGO.99

https://exchange1.netvigour.com/owa/redir.aspx?C=7BJwXHvaukyZmoQuWetw4XwwZMatA9JIs70Kv8XIzc6o740aqp9EuV42DC5qD9u6owoqu-CmBCs.&URL=http%3a%2f%2fwww.project-syndicate.org%2fcommentary%2foil-prices-ceiling-and-floor-by-anatole-kaletsky-2015-01%23lmv6HReL36aIxoGO.99


With all best wishes,

David Hale

Chairman

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