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Expect fiesta to follow
s yeah! hipsters!SXSW cancelled. Weak...
Expect fiesta to follow
Expect carnage on the stock market tomorrow based on today's economic news.
OPEC deals falls through, oil down 30%
will hurt Pootin's hard currency income, aka $US, badly
mild Euro winter probably means his gas sales down, too
Putin is responsible for it. The uptick in Saudi production is because Putin refused on join OPEC in cutting supply and this is how Saudi Arabia is responding -- with a race to the bottom price battle.
Will slaughter the Permian Basin.
THe whole state will be feeling the pain. Didn't think the chain events from Coronavirus was going to lead to recession but everything is pointing to it. Trump staked everything on endless growth and now it's looking over.
Trump is ed. Trouble is the worse things get the more incredibly stupid decisions he makes. Hence we too are ed.The perfect storm, multiple crisises and Trump at the wheel.
Do we see 10-year treasury hit negative territory this month?
Trash's 3 years of job creation are less the Obama's last years.
I hope you're happy... I hope you weren't like Bill Mahler and hoping for a recession just to get Trump out.
10 year treasuries just hit .5
Dorothy we’re not in Kansas anymore.
Things about to get real this week.
It was reported that this was Russia's play (to kill US shale) once Saudi realized that discussions fell apart. Now Saudi has said we'll kill you too Russia.
Saudi already tried to kill US shale years ago. All it did was cause consolidation and shale producers got even more efficient at producing. Same thing will happen again. Strong will survive and buy up the weak at super discounted prices. Exxon was already targeting break even of $18/barrel in the permian.
Vlad might realize he ed himself. Russia will lose about a quarter billion per day if prices stay in the low 30's. For an already economy that's going to hurt quick.
They'll put out of business some of the weaker companies and we'll probably see even more consolidation.
I dont think Saudis can afford to ride it out. Their budget is based on $55 oil.
Yupgreat time to refinance. 30 yr rates could be < 3%
Why would you have a 6.25 with a FICO score of 820 if you bought your home two years ago? Interest rates haven't been that high since the recession. You shouldn't have been above 5.
The Saudis have possibly the lowest breakeven point in the world for oil. If they can't hit a revenue target on price then then they can try to hit it on volume with some help along the way by knocking out compe ion that can't afford to compete at ultra low prices. Sadly Texas will be feeling some pain. I truly thought this is how the Saudis would respond... maximum pressure on Russia but I just don't know what Russia's end game here is. It could be multiple things.
Yeah that doesn't make any sense.
WTI $27
Brent $32 now
Like a rock
6,25 is high as. you got a criminal record ma niga TGY?
Get ready for the most attacks on the media you've ever heard in your life from Trump. When the news is bad, Trump takes it as his cue to attack the messenger. And the news is about to get really awful.
Expect a mushroom cloud over the universe
That's great actually, if you live in Austin and don't drive Uber or a cab and don't bar tend.SXSW cancelled. Weak...
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