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Sign up for "Econ Extra Credit with David Brancaccio" Here

With busts, the past is no indicator of the future

by Scott Tong Jan 29, 2016
There's a limit to comparisons between the fall of oil and previous downturns.
A pumpjack sits on the outskirts of town at dawn in the Permian Basin oil field on January 21, 2016 in the oil town of Midland, Texas. 
Spencer Platt/Getty Images