Russia, US, oil price and the $ shortage
- Thread starter dealmaker
- Start date
Yeah, because Russia like Saudi Arabia is not a major oil producer so, let us slash our throats and cut production so that, we lose market share like Saudi Arabia? And when prices rise, US shale oil producers will be selling more oil as well. China as an oil major consumer is not buying more oil anytime soon. With the Corona Virus, demand for Chinese products which could be contaminated with the Corona Virus would be less not more.
If this happens we could easily see dow 20000.
This is getting extremely serious...something the markets do not need on the already negative news that's been feeding the markets for nearly 2 months now.
Isn't this guy always wrong anyway
I checked and couldn't find anything on those 2 details
Might want to provide a link....
Futures markets aren't even open
https://www.zerohedge.com/markets/panic-usdjpy-crashes-commodity-pairs-plunge-oil-said-open-down-10
IGindex Dow down 649 bottom of same link.
Yada, yada, yada....this is Russia´s "problem". They sold half of their USD reserves - when was it? Last year? 2 years ago? Can´t remember....
And by the way: FED is flushing the market with USD liquidity today and in the next coming days.
So, keep calm and have a 40yr old Whisky....
Yada, yada, yada....this is Russia´s "problem". They sold half of their USD reserves - when was it? Last year? 2 years ago? Can´t remember....
And by the way: FED is flushing the market with USD liquidity today and in the next coming days.
So, keep calm and have a 40yr old Whisky....
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