Skip to content
Subscriber Only

BofA: The Oil Crash Is Kicking Off One of the Largest Wealth Transfers in Human History

A $3 trillion shift.
Video player cover image

Oil Falters After China Manufacturing PMI

Economists are still hotly debating whether the oil crash has been a net positive for advanced economies.

Optimists argue that cheap oil is a good thing for consumers and commodity-sensitive businesses, while pessimists point to the hit to energy-related investment and possible spillover into the financial system.