Jimi Posted April 20, 2020 Report Share Posted April 20, 2020 3 minutes ago, No Einstein said: my question is what does this do to the demand for petro dollars, no demand for dollars should mean dollar down...not? correct me if i am not thinking this through.. Right - totally with you on this... been wondering for weeks. This and the China, Inc. dollar recycle seem like a double-whammy to the Treasury market. It seems to me, however, that it would have the opposite effect: far, far fewer dollars abroad aggravates the off-shore "dollar shortage." BWTFDIK. Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 20, 2020 Report Share Posted April 20, 2020 8 minutes ago, DrStool said: So if you were long that crude contract, what happens to you now. And if you were short, how do you get paid? What are the implications for CME. They say they have a tested plan...... https://www.marketwatch.com/story/oil-can-trade-negative-on-the-cmes-exchange-as-may-contract-plunges-below-zero-on-nymex-2020-04-20 and its not as bad as it seems.......🍻 https://www.cnbc.com/2020/04/20/this-oil-price-crash-isnt-as-bad-as-it-seems-heres-why.html Link to comment Share on other sites More sharing options...
No Einstein Posted April 20, 2020 Report Share Posted April 20, 2020 3 minutes ago, Jimi said: Right - totally with you on this... been wondering for weeks. This and the China, Inc. dollar recycle seem like a double-whammy to the Treasury market. It seems to me, however, that it would have the opposite effect: far, far fewer dollars abroad aggravates the off-shore "dollar shortage." BWTFDIK. i get that...but the petro dollar market is huge..and it not only stopped...it went into reverse...I am so confused 🙂 Link to comment Share on other sites More sharing options...
Jimi Posted April 20, 2020 Report Share Posted April 20, 2020 1 minute ago, No Einstein said: i get that...but the petro dollar market is huge..and it not only stopped...it went into reverse...I am so confused 🙂 Same. Link to comment Share on other sites More sharing options...
Jimi Posted April 20, 2020 Report Share Posted April 20, 2020 Kyle Bass just said on crapvision that politically "we've never been more divided as a country than we are now." I mean, except for the Civil War.... 🙄 Link to comment Share on other sites More sharing options...
Jorma Posted April 20, 2020 Report Share Posted April 20, 2020 Beware of Bass. Link to comment Share on other sites More sharing options...
sandy beach Posted April 20, 2020 Report Share Posted April 20, 2020 USC-LA County Study: Early Results of Serology Antibody Testing Suggest Number of COVID-19 Infections: 2.8% - 5.6% (221,000 to 442,000) of population have antibodies (vs. 7,994 confirmed cases) http://createsend.com/t/j-296D9D8CE54262BB2540EF23F30FEDED Link to comment Share on other sites More sharing options...
potatohead Posted April 20, 2020 Report Share Posted April 20, 2020 Is the market collapsing or did this website just go mainstream? Have never seen so many comments without the market crashing..... By the way, we had the great depression, great financial crisis, great lockdown and now with oil we have Link to comment Share on other sites More sharing options...
Private Skidmark Posted April 20, 2020 Report Share Posted April 20, 2020 I'm looking forward to the day when I can use my negative interest rate credit card to buy negatively priced gasoline. I'm guessing there would be supply issues and probably other issues, like widespread cannibalism, before then. Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 man meat on sale. Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 LEE'S FREE THINKING Fed Cuts Back QE – Will Stocks Survive? by Lee Adler • April 20, 2020 • 0 Comments The Fed is throttling back on its market supporting QE operations. The results of that may be starting to show up in stock prices. Is the Fed worried? Should you be? Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 Wincluding the new small business relief bill, we are about $600 billion from raising all the rescue funding. Should take another 2-3 weeks of the Treasury pounding the market. I doubt that the Fed will be able to maintain these QE cuts. Something gonna break in the meantime. Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 20, 2020 Report Share Posted April 20, 2020 6 minutes ago, Private Skidmark said: I'm looking forward to the day when I can use my negative interest rate credit card to buy negatively priced gasoline. I'm guessing there would be supply issues and probably other issues, like widespread cannibalism, before then. 2 negatives making a positive? or do they make up for it in volume........ Link to comment Share on other sites More sharing options...
fxfox Posted April 20, 2020 Report Share Posted April 20, 2020 48 minutes ago, DrStool said: Wincluding the new small business relief bill, we are about $600 billion from raising all the rescue funding. Should take another 2-3 weeks of the Treasury pounding the market. I doubt that the Fed will be able to maintain these QE cuts. Something gonna break in the meantime. They simply go from 15 to 50, not 30, that would be lame. 50, cause it‘s a nice number. Link to comment Share on other sites More sharing options...
sandy beach Posted April 20, 2020 Report Share Posted April 20, 2020 I'm guessing some bank in Europe is blowing up tonight on some oil derivatives gone bad. Link to comment Share on other sites More sharing options...
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