Good article on the oil price/debt war that has developed. It
occurs to me that for all we know some very large financial
institution could get Lehman Brothered in this...someone
overexposed to oil financing or oil related debt. I would also
expect some attempt at coordinated CB interventions by the time we
open tomorrow. Scary times. I wouldn't want to try to compete with
the super-computers algos tomorrow morning!
Good article on the oil
Posted by puma on 9th of Mar 2020 at 01:56 am
Good article on the oil price/debt war that has developed. It occurs to me that for all we know some very large financial institution could get Lehman Brothered in this...someone overexposed to oil financing or oil related debt. I would also expect some attempt at coordinated CB interventions by the time we open tomorrow. Scary times. I wouldn't want to try to compete with the super-computers algos tomorrow morning!
https://www.bloomberg.com/opinion/articles/2020-03-09/oil-crash-saudi-arabia-s-price-war-worked-once-but-may-backfire