The vanishing petrodollar and its implications on financial markets
- Published on Thursday, 16 April 2015 08:08
It didn’t take long for the effects of falling oils prices to catch up with the global economy. We’ve reported in the past how falling oil prices will expose the ‘shale revolution’ myth, and we are now starting to see shale companies file for bankruptcy (expect this trend to accelerate through the summer). Now, however, we are starting to see the effects of vanishing petrodollars from the global financial system. The acceleration of this trend alone can spark another financial crisis.
Image Source: The Daily Reckoning
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