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Re: gdl post# 159090

Wednesday, 09/30/2015 11:03:58 AM

Wednesday, September 30, 2015 11:03:58 AM

Post# of 385346
Yes, certainly positives to oil prices, but deflation in and of itself is the trump card. Deflation is public enemy # 1 in the eyes of central bankers. Also, the default spiral from loans given these exploration cos has a multiplier effect. in 2008 it wasn't the defaults themselves that were so bad, it was the unknown consequences ( ripple effects ) of those defaults.
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