BofA: The oil crash is kicking off one of the largest wealth transfers in human history

Economists are still hotly debating whether the oil crash has been a net positive for advanced economies. Optimists argue that cheap oil is a good thing for consumers and commodity-sensitive businesses, while pessimists point to the hit to energy-related investment and possible spillover into the financial system. A new note from Francisco Blanch at Bank […] Source: Dutch Caribbean News BofA: The oil crash is kicking off one of the largest wealth transfers in human history

LEAVE A REPLY