Cramer: $4 Gas Could Lead to Double-Dip
Should oil prices continue to climb, Cramer said Thursday, the U.S. economy could fall into a double-dip recession. "I've never been a believer in the double-dip scenario," Cramer said. "But with $4 gasoline, it could happen, especially if high fuel costs create a palpable sense of inflation, which causes the Fed to tighten too soon."
Posted on February 25, 2011
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