Citi: 'We Should All Fear Oilmageddon'
A feedback loop of the U.S. dollar, crude, capital flows, and emerging markets.
Will Oil Prices Improve by End of 2016?
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Markets are currently in a well-oiled "death spiral," according to Citigroup Inc. analysts led by Jonathan Stubbs.
"It appears that four inter-linked phenomena are driving a negative feedback loop in the global economy and across financial markets," the analysts write, citing the resilient U.S. dollar, lower commodities prices, weaker trade and capital flows, and declining emerging market growth.