I think back to Bill Maher's comment after Trump's election, that he wished the US economy would tank in order to force Trump out. The fight between globalism and nationalism is real, trillions of dollars and personal power are at stake. I wouldn't be surprised if all this is planned. Biowarfare extended to economic warfare...
But have no doubt Trump will prevail.
HK protests sure quieted down as a result of CV, and CV also does a GREAT job masking the economic downturn in China as a result of Trump's tariffs.
When you're about to default on your mortgage payments, your house catching on fire seems awfully suspicious.
No, not today. This is all Saudi driven. One thing it will do is crush Iran financially.
Soros is at it. This is why we need to suspend habeous corpus and go after the treasonous faggots.
Our global supply chain is fucked. All it takes is a sneeze. Its going to get worse. Globalism sucks, this is just why, regardless if it were planned or unplanned.
Think about this for one second
Oil plunging 30% is good for the bottom line for everyone
Especially airlines and cruises that are losing business because of the virus
Why then would you dump those stocks that are not in the oil business?
Because.... for Soros reasons
Oil down 30% is good for everyone except the independent oil companies. The big ones are mostly marketing and distribution, and this lowers their costs as well.
The independents that do most of the exploration and drilling in the US will be hurt by this, because it's no longer profitable for them to take the risk. In the long run, it will reduce our independence from foreign oil and more vulnerable when the price goes back up.
It will hurt airlines that hedge against higher oil prices. Which is most of them.
It is not that simple
Most airlines collar the options buying both puts and calls
So they are not that exposed
Do research before you spew nonsense
Bad day?
Collar hedges are still hedges against higher prices. What I said isn't untrue.
smh
Unless you think Saudi Arabia and Russia colluded to cause this, I doubt it.
Early this am I was still going by the "corona virus" drop last Friday. But on Rush today he said Saudi Arabia dropped prices to bring down both Russian and Iran. There was even a speculation that Pompeo was aware of this ahead of time.
I'm reading conflicting accounts about that:
https://dailycaller.com/2020/03/09/saudi-arabia-russia-oil-prices-coronavirus/
I don't know which is true. I've asked in another thread for an opinion from someone in the industry.
It looks like they dropped prices and increased output..in a reversal of policy
https://www.npr.org/2020/03/08/813439501/saudi-arabia-stuns-world-with-massive-discount-in-oil-sold-to-asia-europe-and-u-
Interesting. I first thought that contradicted the article I cited, but now I see that it's ambiguous. Consider this:
vs.
The first one is as it was published by DC. In the second, I only removed one comma, after other way. In the second, it's now clear it was Russia, and that's how I interpreted it. With the comma intact, it's ambiguous.
The Washington ComPost article is behind a paywall, so I can't see what they actually published. But, this article makes it clear it was the Saudi's:
https://www.cnn.com/2020/03/09/business/oil-price-crash-explainer/index.html
What I heard on Rush today...Saudis were pushing for the first, but Russia wouldn't go along so they fought back by dropping prices and increasing output. There was a reversal in plans. Russia is fucked.