This is Not 1998
This is Not 1998
12.15.14
Despite Falling Oil Prices and Currency Swings, Fundamental Backdrop is Materially Different now than it was in 1998.
From Bloomberg:
Similarities
1) Falling oil prices
2) Currencie sink
3) Fed Policy
Differences
1) Flexible exchange rates
2) Foreign reserves
3) Debt
4) Interest rates
See full article here.