Jeffrey Currie did an interview with BBG and told people that the collapse in oil prices was in fact NOT systemic. Unlike the 80’s, today the risk was diversified and spread out across many nations.
He posited the risks associated to bad oil and debt loans were very visible and manageable. In other words, stop freaking out people. He believes crude will remain rangebound between $20-40.
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he has hands like a girl
From your post about Frost Bank. I find the stress test part of that discussion very sketchy. Why only stress test to $28 when the price is $30. Makes no sense.
Famous last words
We see no risk
“subprime is contained”
I don’t remember any particular problem in the 80’s from low oil prices. More the opposite, actually.