M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
On today's oil market moves Beyond wild price moves, what happens when large imbalances in the physical and financial markets for oil feed on themselves? Much higher risks of Bankruptcies for small producers, Job losses, Defaults (corporate and sovereign), and Negative economic/financial spillover. And, as noted early this morning, no positive consumer impact to offset any of this. #markets #economy #oil #energy
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