Commodity Trade Mantra

Posts Tagged ‘Citibank’

Ponzi Finance and $50 Oil - James Rickards

Oil below $50 is more than low enough to do an enormous amount of damage in financial markets. There are about $5.4 trillion dollars of costs incurred in the last five years for exploration drilling and infrastructure in the alternative (fracking) energy sector. It’s been largely financed with corporate and bank debt.

Derivatives And The U.S. Government Shutdown

The universe of derivatives deals has grown much larger than in 2008, effectively untouched by President Obama’s so-called financial reforms – Even if the whole planet were offered as collateral, it could not cover Wall Street’s bets.

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