The Most Terrifying Surprise Of 2015
KingWorldNews.com
January 09, 2015
With stocks tumbling along with crude oil and the U.S. dollar, below King World News is featuring an incredibly powerful interview that ends with the most terrifying surprise of 2015. Let’s hope this catastrophic scenario does not unfold because it would be a unmitigated disaster for humanity.
The following piece by Art Cashin features the remarkable interview that all KWN readers around the world must read.
By Art Cashin Director of Floor Operations at UBS
January 9 (King World News) – More From The Gundlach Interview – Let’s return to Jeff Gundlach’s interview with Finanz und Wirtschaft. We’ll shift to his thoughts on falling oil prices and end with a scary “surprise”:
The crash in the oil market is already causing jitters in the financial markets around the globe. What is your take on that?
“Oil is incredibly important right now. If oil falls to around $40 a barrel then I think the yield on ten year treasury note is going to 1%. I hope it does not go to $40 because then something is very, very wrong with the world, not just the economy. The geopolitical consequences could be – to put it bluntly – terrifying.”
At present, a barrel of WTI oil trades at around $55. What are the consequences of that?
The Rest…HERE