Was the U.S. Oil Boom Just Another Fed Inflated Bubble and is it Contained? Ep. 34
- If oil goes down to $35/barrel we will not be able to produce oil for export at that price.
- It is no accident that oil prices are dropping as the Fed is ending QE.
- What are the implications for the U.S. Economy if the Oil Bubble bursts?
- Good jobs in the industry sector will go away.
- Oil sector business loans will default
- Investors will lose money.
- The fallout will be bigger than the dot com bubble.
- If oil was a bubble fueled by cheap Fed money, what’s next?
- If the collapsing oil prices threaten recession, the Fed may launch QE4.
- If the Fed does not launch QE4, other bubbles will be affected.
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