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The last oilfield slump contributed in electing President Donald Trump

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The last slump in oil and gas drilling contributed to the mid-cycle economic slowdown in 2015/16, which helped fuel the political discontent that resulted in the election of populist President Donald Trump to the White House. – oilfieldforums.com

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Economics

Fed’s first such rescue operation in a decade

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Borrowing rates skyrocketed on Tuesday in a corner of the markets as the lender of last resort Interest Rate Surged
but is critical to the functioning of the global financial system.

It was the NY Fed’s first such rescue operation in a decade, the last occurring in late 2008.

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