House Prices are ‘Scary’: Summers
A little more than a year ago, the crude oil sector appeared to be on the edge of a precipice. Because the novel coronavirus basically shut down global economic activity, no one wanted to make good on their energy contracts. As a result, oil prices dipped below $0 for the first time in history. Naturally, this was bad news for many energy stocks. Fast forward to the present, though, and the U.S. and the rest of the world have generally enjoyed a recovery. True, we’re still not out of the woods.