Prestige's Schenker: Fed Rate Hike Will Hasten Recession

The transcript discusses the Federal Reserve's interest rate plans amidst economic concerns, highlighting the potential for a recession. It examines the Shared National Credits Review, which flagged significant risks in oil and gas debt, and the subsequent impact on WTI and natural gas prices. The discussion includes regulatory oversight and the lack of attention to critical warnings, emphasizing the need for awareness among investors and regulators.

What was the significance of the warning issued about bad debt in the energy sector?

How did the speaker assess the future of WTI prices based on the economic conditions discussed?