Financial analyst, Ann Barnhardt, says that Citigroup is adding an astounding $10 trillion per quarter to its derivatives portfolio.
Investmentwatchblog.com January 17th, 2015 In the event of a drop in value, this now is covered by the FDIC, which transfers the high risk of derivatives to US taxpayers. The largest private shareholder of Citigroup is Prince Alaweed Bin Talal Bin Abdulaziz Alsaud (Mr. Saudi Arabia). Barnhardt thinks that Citigroup, on behalf of the... »
by Tyler Durden ZeroHedge.com 01/15/2015 Well that escalated quickly. It appears those hoping for ‘stability’ are once again seeing any strength immediately sold into… Having smashed higher yesterday into the OPEX/close and then again this morning (breaking above $51 post-SNB), WTI Crude has collapsed back to $46.50… the scene of the crime for yesterday’s... »
By Turd Ferguson GoldSeek.com Thursday, 15 January 2015 The destruction wrought by the endless creation of fiat money is reaching a terminal phase. As spreads and carry trades are unwound, the effects have been devastating to individual commodities and this will soon spill over the entire global “economy”. This site and others have been... »
Gundlach: the price of oil today will lead to a “true collapse” in Capex, hiring and bankruptcy of some leveraged energy companies.
Investmentwatchblog.com January 15th, 2015 Jeffrey Gundlach said on Tuesday there is a possibility of a “true collapse” in U.S. capital expenditures and hiring if the price of oil stays at its current level. Gundlach, who correctly predicted government bond yields would plunge in 2014, said on his annual outlook webcast that 35 percent of... »
by Tyler Durden ZeroHedge.com 01/14/2015 Just two short days ago, Goldman Sachs’ significant oil downgrade targeting $40/bbl for most of 1H15 shocked the market. This morning, Jeff Currie – the author of the report – appeared on Bloomberg TV to explain his call for a “new oil order” that has been “fundamentally changed by... »
GoldCore GoldSeek.com Wednesday, 14 January 2015 Oil prices fell another 1 percent this morning and continue their collapse – down 57% in just over 6 months. Copper crashed 8% on the London Metal Exchange, plunging to 5 and a half year lows. Doctor Copper – Usually a good indicator for economic trends and markets... »
By TOM THERRAMUS AND STEVE AUSTIN OIL-PRICE.NET 2015/01/14 The Black Monday stock market crash of October 19th, 1987 was the largest one-day percentage decline in the Dow Jones Industrial Average. The crash was a genuinely perplexing event. To informed observers it seemed to have little basis in economic fundamentals. There were various “hand-waving” theories,... »
by Charles Hugh-Smith ZeroHedge.com 01/13/2015 The U.S. Deep State is in favor of Saudi Arabia’s strategy of forcing production cuts on its rivals and marginal producers for two profound reasons. It is widely presumed that if the U.S. government isn’t actively concerned about the financial carnage being visited upon the domestic oil/gas sector, it... »
Opec’s biggest producers in the Persian Gulf are maintaining a strategy that has sent crude below $46 per barrel By Andrew Critchlow TelegraphUK 13 Jan 2015 Pressure on oil prices has continued to build after key members of the Organisation of the Petroleum Exporting Countries (Opec) indicated there would be no let up in... »
by Wolf Richter WolfStreet.com January 13, 2015 Wall Street spent years hyping, propagating, and funding the oil and gas drilling boom in the US. It handled the bonds and loans issued by often junk-rated companies. It instigated the waves of mergers & acquisitions, profiting every step along the way – advisory fees, bridge loans,... »