For it is well known that many Exploration companies are issuers of what is considered “Junk” debt, and this unabated price pressure in Oil and energy prices cannot be ignored. The Fed has commented on how they believe that lower oil prices are a “net positive” for the economy in the past, but interestingly we have not heard such rhetoric from them yet this time around, but cannot rule such future comments out of course since the Fed tends to speak about the “economy” several times a week whether there is a rate decision or not these days.
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