Money & Economics

[bigredfish]

Welp

 

[Arjun]

 

[Arjun]

The dancing never stops

 

[bigredfish]

Also rumors af a number of markets simply not opening Monday. Mostly Middle East ... so far....
\

 

[bigredfish]

The wheels havent fallen off yet....

... but they're very wobbly


GOLD TRADING AT $5,934/oz IN CHINA MASSIVE FLIGHT TO SAFETY SENDING PRECIOUS METALS VERTICAL

4 HOURS UNTIL GLOBEX MARKETS OPEN

 

[wrapter]

Re: Oil

1) China has 40% of global oil stockpiles: they will be fine "for a while"
2) US gets no oil from Middle East & controls Venezuelan oil now. No gasoline shortage, but prize hikes will hurt.
3) EU is FUCKED
4) Japan & India highly exposed (major oil importers)

1) China is now buying 90% of Russian oil. LNG pipeline is being built rapidly from Russia to China.
2&3) Agreed
4) Both still get some amount of Oil from Russia, also India is now buying Venezuelan Oil, LNG from Canada/US but it won't be cheap when comparing to middle east.