alt Hacker NewsI think the GP is trying to say that oil prices where the nudge that pushed the bad loans and derivatives out of stability.
I don't remember oil getting expensive back then, but it's a long time ago.
I think the GP is trying to say that oil prices where the nudge that pushed the bad loans and derivatives out of stability.
I don't remember oil getting expensive back then, but it's a long time ago.
it did. GFC was a financial recession no doubt, but oil prices was one of the final things that tipped everything over. Oil prices climbed high, slowed economic activity a bit, and the whole financial that teetering just collapsed.