Brad Cornell teaches financial economics at the California Institute of Technology.
He is also the managing director of hedge fund SMBP LLC.
Tuesday, January 19, 2016
A Question to Consider
What if there was a massive new oil discovery that made crude essentially free, would that addition to world wealth be bad news? If so, how? Or to put it another way. What if Saudi Arabia decided to sell all their oil at $1.00 per barrel, would that be bad news for the rest of the world?