Description: Oil is hitting fresh lows again, dropping to under $55 a barrel today on worries about a global supply glut and lacklustre demand. David Rosenberg, chief economist and strategist at Gluskin Sheff and Associates tells BNN why he sees the ongoing plunge as a ‘Black swan event.’
Date: Jan 05, 2015
Questions for discussion:
- What is a ‘Black swan event’?
- Do you agree with the assessment presented by David Rosenberg?
- What do you think will happen to the price of oil over the next 12 months?