Wait until that echoes around the credit markets. We could see a fund blow up and or banks hit trouble….https://t.co/wA6OMONqc7 https://t.co/2eitWXNnlP
— Shaun Richards (@notayesmansecon) March 9, 2020
Dick Bove on banks: “A sharp decline in oil prices will be a body blow to an industry already at high risk.” https://t.co/f4GphtGHZK
— Lisa Abramowicz (@lisaabramowicz1) March 9, 2020
a clear explanation of what's going on, though it doesn't make you feel much better https://t.co/FD1muMI9e1
— Scarlet Fu (@scarletfu) March 9, 2020
a clear explanation of what's going on, though it doesn't make you feel much better https://t.co/FD1muMI9e1
— Scarlet Fu (@scarletfu) March 9, 2020
This might be one of the most stunning charts of all.
Bonds for the oil company Occidental, which were trading above par just in mid-February, now completely obliterated. https://t.co/Rzg20DvvKP pic.twitter.com/KgrNtlAKkr
— Joe Weisenthal (@TheStalwart) March 9, 2020