Understanding OPEC's Surprise Move
Real Vision: Finance & Investing
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The Pain Trade and the Energy Crisis
I think the pain trade is anything tied to interest rates. I think that at some point, the not so distant future, Powell is going to have to make a choice between saving the banks and chasing oil across the screen. And he's going to decide to save the banks just because that's probably the more politically expedient thing to do. The net result of that is the 10-year probably falls apart. And then all the banks fail because if the10-year goes to some high single digit number, you have any banking sector. It's not just the little kind of fragile ones. I mean, I think it's going to look a lot like the 70s. Not if
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