Oilmageddon: Why Cheap Oil Is NOT Good News

Cheap oil is going to provide a boost to energy consumers worldwide, so why are financial markets so negative about it right now? What have all the commentators and economists missed that markets are fretting about? While cheap oil is unmistakably a positive for economic growth over time, extremely cheap oil may not be because it triggers multiple negative developments in the shorter term. Right now, extremely cheap oil is at risk of causing a negative spiral for global growth and financial assets. Analysts have already a name for it: oilmageddon. Read more about it in my Weekly Analysis: (VIEW LINK)