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Geplaatst op: maandag 19 september 2016

This chart shows how painful things still are for US oil producers

Crude oil prices may have rallied from their recent lows, but it’s still a painful environment for producers.

Crude oil prices may have rallied from their recent lows, but it’s still a painful environment for producers.

Since bottoming near $26 per barrel in February, West Texas Intermediate crude oil, the US benchmark, has gained nearly 70%.

HOWEVER, prices are still below what’s needed for many oil producers to breakeven.

Lees verder op z24.nl
Geplaatst op: dinsdag 25 november 2014

DB aan ECB: koop het private goud op

From the bank that a few days ago informed us that "People Are Talking About Helicopter Money And Debt Cancellation Being The End Game", comes the logical next step. Here it is, without commentary and the key section highlighted:

From the bank that a few days ago informed us that "People Are Talking About Helicopter Money And Debt Cancellation Being The End Game", comes the logical next step. Here it is, without commentary and the key section highlighted:

Although gold market operators are currently pre-occupied with the prospect of the SNB finding itself obliged by referendum to buy large quantities of bullion, another central bank raised the same possibility yesterday: the ECB. As odd as it sounds, given the contentious internal debate this year over asset purchases in general, ECB board member, Yves Mersch, reminded journalists that the Bank could in theory buy any asset within a QE program. This could mean government debt, equities, ETFs, or even gold. Indeed, within an effective asset purchase program it matters not so much what the asset is, than who the seller is. Given that the eurozone banking system still appears to be a bottleneck in the monetary transmission mechanism, there might be some wisdom in bypassing it. Banks do not hold gold. HOWEVER, this ‘theoretical’ possibility would quickly run into practical constraints, not least the volume limitations and the problem of having to pick winners and losers.  

Lees verder op zerohedge.com
Geplaatst op: donderdag 7 augustus 2014

Koude oorlog 2.0

Russia’s import ban on agricultural goods from countries that sanctioned Moscow over the Ukraine crisis may have a negative impact on European producers, farmers say. HOWEVER, the EU’s ambassador to Moscow insists the bloc's position will not change.

Russia’s import ban on agricultural goods from countries that sanctioned Moscow over the Ukraine crisis may have a negative impact on European producers, farmers say. HOWEVER, the EU’s ambassador to Moscow insists the bloc's position will not change.

Russian President Vladimir Putin signed Wednesday a decree imposing a one-year ban on agricultural produce, foods, and raw materials from countries that have sanctioned Russia. The list of banned or restricted goods is expected to be approved by the government later in the week.

European agricultural businesses responded by saying they are worried that the Russian import ban may have serious negative consequences for them.

Finland may lose as much as 400 million euros (US$535 million) as a result of Russia’s retaliatory sanctions. According to Heikki Juutinen, the managing director at the Finnish Food and Drink Industries’ Federation, sanctions would be “very bad news” for his country, as about a quarter of Finland’s exports go to Russia, local Yle radio station reported. The situation may affect such big players as Valio – Finland’s biggest dairy producer.

Lees verder op rt.com
Geplaatst op: donderdag 29 mei 2014

Negeer deze waarschuwingen niet; de dollar ligt onder vuur

The dollar has been under attack for quite some time, but has been propped up by a global economic crisis and a lack of credible alternatives. This does not mean, HOWEVER, that the dollar is a permanent bedrock of stability. Instead, the underpinnings of dollar resilience are being been pulled away one by one.

Lees verder op globaleconomicwarfare.com
Geplaatst op: woensdag 21 mei 2014

China tekent valuta-overeenkomst met Russische bank

Slowly - but surely - the USD's hegemony is being chipped away whether by foreign policy faux pas, crossed red-lines, or economic fragility. HOWEVER, on Day 1 of Vladimir Putin's trip to China it is clear that the two nations are as close as ever. VTB - among Russia's largest banks - has signed a deal with Bank of China to pay each other in domestic currencies, bypassing the need for US Dollars for "investment banking, inter-bank lending, trade finance and capital-markets transactions." Kirill Dmitriyev the head of Russia’s Direct Investment Fund notes, "together it’ll be possible to discuss investment in various projects much more efficiently and clearly," as Russia's pivot to Asia continues to gather steam.

Lees verder op zerohedge.com
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