Can you imagine can you imagine the worldwide schadenfreude if Trump were to succumb from the coronavirus?
Yes, that is correct. Saudis want to raise the price of oil to sustainable levels ( for them ) and Russia just wants to keep production levels the same because they have always had less of a grasp on future economic conditions relative to what is the best for them right now ( hard cash ). Yes, it will kill some over leveraged fracking companies since fracking requires a lot of capital to start vs traditonal drilling. And even some well run O&G companies. Will it be like the O&G tough times in the 80's due to oil glut? If it lasts
This is the result of a broken debt-ridden fiat money system. This is not a virus problem. This is a central banking fiat system problem. Sooner or later people will figure that out.
Probably no way Fox, Trump and all the MAGAs will all be using the term Wuhan Virus now that the MSM, libs and China have called it out for being xenophobic and racist. They’d never do that.
Didn’t get Wuhan, but Democrat Party fills a spot on Trigger the Libs Bingo. So it’s going to be continued gaslighting over the “facts.” Bold strategy, but it will work with MAGAs.
Stock market is going to be in absolute free fall today in primarily because Putin fucked Trump again - this time deliberately tanking US oil prices. His only move is to blame coronavirus overreaction. (Never mind the underlying weakness of the market and economy at large and that he’s bullied the Fed into multiple impotent rate cuts).
Disagree. It all comes back to an overinflated market. The virus is merely the pin to pop the balloon.
Had nothing to do with trump and putin. Opec and Russian production negotiations fell through so Saudis went for a price war with Russia.
It’s not solely a Trump thing (see 2008 crisis) but yes the Trump regime has been doing everything in its power to drive markets higher heading into the election. The bigger issue is unsound monetary policy that allows these massive recessions every ~10 years. what’s the fix this time? Drop rates and print way more money than the last time until we create an even bigger bubble? The system is a drug addict hooked on bad monetary policy.
The fed has been doing all sorts of shit that they won’t call QE. This seems to be short term lending to banks that are illiquid and couldn’t survive without the overnight offers. Not exactly a model of health when that is necessary.
Disclaimer: I’m definitely not an expert on this stuff (or financial markets generally) but I’ve read enough about it and listened to people for years far smarter than me to think that we were heading for a bad recession anyway. The virus increased the risk of a global depression. Boomers now faced with their 2nd potential global financial crisis just as they are heading into retirement and likely overextended in equities. This stands to get ugly. Our monetary system is fucked and has been since we went off of the gold standard. Fiat is broken. This is why we need bitcoin. Maybe not this cycle. But sooner or later this has to change.
Good markets show how great and smart a leader he is. Bad markets are the Dems and the media's fault. There's a trend here but in can't put my finger on it.
Respectfully disagree. The reason OPEC negotiations fell through is because Russia believes US/West Texas shale prices have been aided by the production limits - making Russian oil less competitively priced. The Saudis then responded to Russia killing the negotiations by announcing they will go unlimited on April 1.
If this happened in August or September it'd kill him. Unfortunately its likely the market bounces back by the time the election really gets going.
the market isn’t bouncing back by the fall. We’re looking at a 1-2 year recovery already and that may be 3 years by the end of this week.