over9k
So I didn't tell my wife, but I...
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- 12 June 2020
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100k/day drop announced. SFA.
100k/day drop announced. SFA.Powell said at Jackson hole to expect een higher rate hikes. FED might go 1%. Especially if the next inflation print stays above 8%
Oil has been kept artificially low by US releasing their oil reserves, the moment something goes wrong in middle east its gonna spike.
OpEC meets on monday, althought they said they wont cut output but they may end up deciding to cut output to pump up prices above $100 again, as they have started being suspicious about comex futures prices, claiming price manipulation.
3rd quarter GDP figures will only come end OCtober, another 2 months to go before FED admits a recession is in the works (not a slowdown lol) and then may/may not hint at a pivot. Any bear market rally will make FED more Hawkish.
QT though, only really started in July and on track to ramp up to 95billion a month in September, that will have a bigger immediate direct impact on financial asset prices IMHO, much more than rate rises which usually have a lag period of effect of maybe 6-12months.
Yep, this is the point where ~40 years' worth of warnings all come to a head.In case anyone's wondering, they do *not* have enough to get themselves through the winter.
Last news France going to send gas to Germany and trade it against German coal station electricity.View attachment 146393
In case anyone's wondering, they do *not* have enough to get themselves through the winter. They're building storage and delivery sites (to get it from the americans) like mad but this all takes time. The last numbers I saw were that alternative sources/delivery methods can currently supply only about 15% of what they actually need.
In the meantime, there's going to be rationing or similiar.
Yeah, my question is what they're actually going to do in response. Rolling blackouts/shut industry down? Gas rationing? Fertiliser rationing? Food rationing?Yep, this is the point where ~40 years' worth of warnings all come to a head.
There's not enough ability to accept LNG deliveries, turn it back into gas and inject that into the network.
Even if there were enough LNG terminals, there aren't enough ships to deliver the LNG.
And even if there were enough terminals and ships, there's not enough LNG production capacity, globally, to supply them. Hence the price of LNG is sky high even with Europe's limited ability to physically import the stuff.
No quick fix there.
Let's be real, those idiots deserve it. They were warned repeatedly. Hopefully the rest of the world wakes up to proper energy management. Not popular trends.Last news France going to send gas to Germany and trade it against German coal station electricity.
Macron is also cranky with EDF (power generator newly nationalised ...) With the head of EDF blaming the nuclear power shortage on Macron
Needless to say there are plenty of available speeches of Macron recently stating that EDF should prepare to close dozen of nuclear plants as France was moving out of nuclear.
Which EDF acted on..until Ukraine....
Obviously preparing ro close a station is not small feat and all maintenance was stopped causing the current nightmare there.
Now energy bills are x6 for some French businesses and public heated swimming pools are closing right and left...the start.
I somehow do not see inflation easing in the EU zone...
Have you ever met a leftist?Let's be real, those idiots deserve it. They were warned repeatedly. Hopefully the rest of the world wakes up to proper energy management. Not popular trends.
I think when Trump warned them, they truly dug in their heels. It's funny how Europe was constantly touted as this leading green energy adopter and then BLACK SWANNED B1TCHES.Have you ever met a leftist?
sadly , i totally and absolutely agreeLet's be real, those idiots deserve it. They were warned repeatedly. Hopefully the rest of the world wakes up to proper energy management. Not popular trends.
ARGUABLY , Russia could have come in anytime after the 2014 Minsk Accord and called it a peace-keeping effort sure they might have had to keep the front line jet-fighters at home , BUT the signed agreement with France and Germany ( and no effort from NATO members to suppress Ukraine , gave Russia all ammunition it needed to ask for full UN backing for the peace-keeping play )I think when Trump warned them, they truly dug in their heels. It's funny how Europe was constantly touted as this leading green energy adopter and then BLACK SWANNED B1TCHES.
It wasn't even a black Swan. There's been a war in Ukraine for years.
Ignore the war entirely - you want putin et al to control your energy supply under *any* circumstances?I think when Trump warned them, they truly dug in their heels. It's funny how Europe was constantly touted as this leading green energy adopter and then BLACK SWANNED B1TCHES.
It wasn't even a black Swan. There's been a war in Ukraine for years.
True, and very very obviously,we should really wake up at our position vs ChinaIgnore the war entirely - you want putin et al to control your energy supply under *any* circumstances?
You want to be reliant on anyone else for ANY of your *needs*?
If you asked a leftist, the only response you'd get would be "see this is why we need to get rid of nations - no more nations, no more disagreements!".
yeah not that impressive, I wonder what happened to that saudi oil minister who said OPEC were gonna cut to send prices aboe $100USD/barrel.100k/day drop announced. SFA.
Yeah it's demand side dropping that has oil dropping. Basically none of the supply issues have been sorted.yeah not that impressive, I wonder what happened to that saudi oil minister who said OPEC were gonna cut to send prices aboe $100USD/barrel.
I guess the next GFC is gonna be coming from the European energy crisis and possibly collapse of the EU and EURO as we know it today.
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