[SkyPilot]

Junk bonds are risky, that’s why they have a high yield in the first place. I fail to see how that is going to bring down the world economy.

I think this is what sober analysts are considering with the utmost seriousness:

Guess What Happened The Last Time The Price Of Oil Crashed Like This?

Will Junk Bond Panic Lead to A 2015 Market Crash?

[Pelham]

Are you too young to have voted for Ronald Reagan by any chance? Because your “sober analyst” doesn’t appear to know what the hell he is talking about. If you were an adult in 1980 you should have known that in an instant.

Oil was over $60 a barrel when Reagan defeated Jimmy Carter. Oil prices began a 20 year decline. $20 a barrel by 1986. Around $13 a barrel by 2000. Falling energy prices were a great benefit to all of us except those in the oil patch.