The Risk and Reward of Cheap Oil

The video discusses a survey by Convergex, highlighting Janet Yellen as Person of the Year for 2014 due to her economic impact. It explores the effects of falling oil prices on the economy, including potential job losses and increased consumer spending. The survey predicts higher oil prices and compensation in 2015, with optimism about market growth. Concerns about bank exposure to oil price drops and increased market volatility are also addressed.

Who was named the Person of the Year for 2014 by Convergex's survey?

• Janet Yellen

• Jack Ma

• President Putin

• Michael Lewis

What was one of the main reasons for Janet Yellen's selection as Person of the Year?

• Her impact on the technology sector

• Her influence on oil prices

• Her efforts in reducing QE

• Her role in increasing QE

What is a potential negative impact of falling oil prices on the economy?

• Massive job losses in the oil sector

• Increased inflation

• Decreased consumer spending

• Higher interest rates

According to the survey, what is the expected trend for oil prices by the end of 2015?

• They will remain the same

• They will fluctuate unpredictably

• They will decrease further

• They will increase

What percentage of survey respondents expect the same or better compensation in 2015?

• 60%

• 90%

• 50%

• 83%

What did the survey predict about market volatility in 2015?

• It will decrease

• It will be unpredictable

• It will increase

• It will remain stable

When do the majority of survey respondents expect the Fed to raise interest rates?

• March 2015

• June 2015

• September 2015

• December 2015