I’m going out on a limb here to suggest this guy is completely full of shit. Who is he kidding with the olde “everything is cheery and fine here in oil hell” anyways? During an interview this morning on CNBC, former Fed head, Dick Evans, gave a very positive assessment of Cullen Frost’s oil portfolio, saying all was well, nothing to see here. I got flashbacks of Baghdad Bob while watching this man spin a yarn.
In all fairness to Dick, it’s his job to stay positive and lift morale throughout the ranks. His stock has been sledgehammered to the tune of 33% over the past 3 months and Wall Street is screaming “you’re full of shit” after each and every one of this Polyana “we are a diverse economy in Texas” interviews.If you enjoy the content at iBankCoin, please follow us on Twitter