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JPMorgan War-Games Economic Damage of an Oil Surge to $150

  • Economists see surging inflation, slower growth on oil shock
  • Central banks would perhaps need to tighten policy sooner

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The price of oil hasn’t even reached $100 a barrel, but that’s not stopped economists at JPMorgan Chase & Co. from war-gaming what a surge to $150 -- this quarter -- would mean for the world economy.