Why The Oil Crash Isn’t A Repeat Of 2008

Why The Oil Crash Isn’t A Repeat Of 2008

Many analysts fear that the U.S. economy will soon default from loans that “bankrolled the U.S. shale oil boom. “The defaults are bringing back the specter of banks that were reeling in 2008 from the huge wave of losses that ripped through the global economy.” However, the analogies between the mortgage meltdown and the oil bust mostly end there. “The oil crash does not present the same systemic risks.”

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