Oil is headed for the biggest weekly loss this year after banking turmoil rippled across global markets. Ben Sharples reports on Bloomberg Television.
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25 Comments
JENNY ——– > THERE MUST NOT BE THE CENTRAL BANKS ESP FED ECB PBOC + BOJ TO BE SO CALLED SAVIORS TO RESUCE THE ECONOMY BECAUSE ———– > AGAIN AND AGIAN BEING SAVIORS MEANS THEY HAVE BEEN CAUSING MORE AND MORE AND MORE AND MORE AND MORE AND MORE AND MORE AND MORE DEBT PROBLEMS IN THEIR ECONOMIES THAT CANNOT GO FURTHER FROM HERE ANYMORE MEANS ———– > AGAIN AND AGIAN WE ARE STRAIGHTLY HEADING TOWARDS INTO THE BIGGEST EVER ECONOMIC ARMAGEDDON SINCE THE BEGINNING OF THE 20TH CENTURY ——— > VERY VERY NEAR FUTURE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN THE SUPER IMPETUS OF THE COMMODITY SUPER CYCLE IS THE BIGGEST EVER DEBT IN THE ECONOMY ESP IN USA CHINA EUROPE + NOW JAPAN ———- > WHAT ARE WE GOING TO DO IF CENTRAL BANKS STOP THEIR INTEREST RATE HIKING CYCLES?!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) NOW AS YOU MAY SEE FROM CHINA (+H.K) ECONOMIES THAT CHINA DEBT (BONDS) MARKET HAS BEEN DOWN AND DOWN AND DOWN AND DOWN AND DOWN INTO ITS STRUCTURAL 'DEAD' ENVIRONMENT THAT WILL BE GOING ON AND ON AND ON FOR MANY MANY YEARS TO COME EVEN AFTER 2030YR MEANS ——— > PBOC HAS NO OTHER OPTIONS BUT TO HIKE ITS LPR + RE[PO RATE MORE AND MORE AND FURTHER AND FURTHER THIS YEAR OR THEIR TOTALLY BROKEN DEBT(= BONDS) MARKET CANNOT BE SUSTAINABLE FURTHER FROM HERE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN ONLY GOLD + ENERGY ARE THE SAFE HAVEN ASSETS + STILL 'YEN' HAS A GREAT CHANCE TO GO MUCH MUCH MUCH MUCH MUCH APPRECIATED INTO +68YEN +/- AGAINST US$ IN COMING YEARS AS I'VE SAID MANY TIMES ALREADY SINCE THE END OF 2ND Q OF 2022YR!!!!!!!!!!!!!:)
NOW THE FUNDAMENTAL QUESTION IS THAT WHAT IF CENTRAL BANKS STOP INTEREST RATE – HIKING CYCLE NOW? ——— > THE ANSWER IS VERY VERY VERY CLEAN AND CLEAR THAT ——— > IN A COUPLE OF ECONOMIC QUARTERS THERE WILL BE MUCH MUCH MUCH BIGGER SERIOUS SYSTEMIC RISKS THAN SVB + EVEN CS, WILL BE GOING ON AND ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
DO THE SIMPLE MATH THAT ——— >THE AVERAGE US CPI FOR THE LAST 16MONTHS +6.6% +/- – ITS AVG WAGE GROWTH + 5.1% +/- MEANS —— > AVG WAGE GROWTH HAS BEEN BEHIND THE CPI BASED ON (-)1.4% +/- FOR THE LAST 16MONTHS = (-)22.4% ——– > IN OTHER WORDS US HOUSEHOLDS DEBT FROM THEIR SPENDING HAS BEEN MUCH MUCH MUCH MUCH MUCH MORE DEBT PROBLEMS AND STILL THE DEBT PROBLEMS ARE MOUNTING AND MOUNTING AND MOUNTING EVEN FASTER THAN EVER EVEN IF US FED HIKED MORE THAN 475BP SINCE THE MARCH OF 2022YR ABOUT JUST A YEAR AGO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN GOLD PRICE HAS NO OTHER OPTIONS BUT TO HIKE INTO 3K$ – 3.5K$ RANGE THIS YEAR AND ESP OIL PRICE, HAS BEEN ARTIFICIALLY PRESSED DOWN SINCE 3RD Q OF 2022YR, HAS NO OPTIONS BUT TO RECOVER ITS 130$ BB/LS – 140$ BB/LS THIS YEAR OR MUCH MORE REBOUNDING WE WILL SEE THAT IN COMING YEARS BECAUSE OF LESS AND LESS AND LESS PRODUCTION – DOWN TO DEAL WITH MOUNTING AND MOUNTING AND MOUNTING DEBT PROBLEMS = THE SUPER STAGFLATION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN US FED IS TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO BEHIND THE CURVE TO DEAL WITH SUPER ENTRENCHED STAGFLATION AND IT HAS NO OTHER OPTIONS BUT TO HIKE ITS FUDNS RATE INTO +7% – +8% THIS YEAR OR COULD BE FORVER THERE WILL BE NO MORE TIMING TO GET BACK TO SO CALLED +2.0% NEUTRAL INFLATION RATE IN US ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN WHAT IS GOING TO DO WITHOUT HAVING INTEREST RATE HIKING MORE? ——- > THAT MEANS AS I'VE SAID MANY TIMES ALREDY SINCE THE END OF DEC OF 2021YR THROUGH WHOLE YEAR OF 2022YR TILL NOW THAT —— > MORE AND MORE AND MORE AND MORE FURTHER AND FURTHER SYSTEMIC COLLAPSE IN THE ECONOMY ESP USA EUROPE CHINA? AGAIN AND AGAIN AS I'VE SAID MANY TIMES THAT CHINA DEBT (= BONDS) MARKET HAS BEEN TOTALLY DEAD MEANS ———- > DESPITE OF CHINA ECONOMY HAS BEEN FULLY ENTRENCHED INTO ITS STRUCTURAL DEFLATIONARY ECONOMIC ENVIRONMENT, STILL THERE ARE MORE AND MORE AND MORE AND MORE AND MORE DEBT PROBLEMS GOING ON AND ON AND ON AND ON NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
BY 50BP HIKING YESTERDAY ——— > ECB JUST RECOVERED ITS LOST CREDIBILITY PARTIALLY MEANS THE ECB MUST GO MORE AND MORE AND MORE ITS INTEREST RATE HIKING FURTHER AND FURTHER AND FURTHER MUCH FURTHER THAN NOW THE ECB IS TOOOOOOOOOOOOOOOOOOOOOOOOOOO BEHIND THE CURVE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
NOW US FED MUST RECOVER ITS LOST CREDIBILITY THROUGH MUCH MUCH MUCH MUCH MUCH FASTER ITS FUNDS RATE HIKING TJAT ——- > TO ACHIEVE ITS CLEAN CLEAR TARGETS OPENLY THAT 1. BACK TO +2.0% NEUTRAL INTEREST RATE 2. FULL EMPLOYMENT = +3% RANGE UNEMPLOYMENT RATE!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN ONLY SAFE HAVEN ASSETS ARE GOLD + ENERGY < ———- DO THE MATH!!!!!!!!!!!!!!!!!!!!!!!!!! CENTRAL BANKS ARE TOOOOOOOOOOOOOOOOOOOOOOOOOOO BEHIND THE CURVE TO REDUCE TREMENDOUS DEBT IN THE ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
THE BOTTOM LINE IS THAT AGAIN AND AGAIN NO REDUCING TREMENDOUS DEBT PROBLEMS THAT THE BIGGEST EVER SINCE THE BEGINNING OF THE 20TH CENTURY ———– > NO ECONOMIC RECOVERY IN COMING YEARS OF COURSE EVEN AFTER 2030YR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) DO THE MATH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
AGAIN AND AGAIN THERE IS NO SUCH THING LIKE SOFT LANDING AS I'VE SAID MANY MANY TIMES SINCE THE END OF DEC OF 2021YR THROUGH WHOLE YEAR OF 2022YR TILL NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
HOW DO I KNOW THERE ARE MORE AND MORE AND MORE AND MORE AND MORE MOUNTING AND MOUNTING DEBT PROBLEMS ESP IN US EUROPE CHINA(+H.K) ECONOMIES? IT'S VERY SIMPLE THAT THOSE ECONOMIES STOCK MARKETS ARE STILL NOT COLLAPSING MEANS ———– > PEOPLE IN THOSE ECONOMIES ARE BORROWING MORE AND MORE AND MORE MONEY TO BUY STOCKS (+BONDS EXCEPT CHINA) ——– > THAT IS AT THIS MOMENT FUNDAMENTAL DIFFERENCE WITH JAPAN WHERE HAS BEEN 'YEN CARRY TRADE BACK INTO JAPAN FROM YEN CARRY TRADE OUT FOR THE LAST DECADE!!!!!!!!!!!!!!!!!!!!!!!!!!!:) ———- > THAT IS APPRECIATING POWER FOR THE YEN AGAINST US$ CHINA YUAN EURO POUND ETC NOW!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN THAT ———- > IT IS VERY A VERY SIMPLE QUESTION THAT WHAT ARE YOU GOING TO DO + HOW DO YOU QUELL THE SUPER STAGFLATION WITHOUT HIKING INTEREST RATE MORE AND MORE FURTHER AND FURTHER? JUST MORE AND MORE AND MORE AND MORE INFLATION TO HIT THE ENTIRE ECONOMY UNTIL GETTING INTO HYPERINFLATION FROM STAGFLATION NOW IN JUST A COUPLE OF YEARS?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
US FED AS ITS CHAIRMAN JEROME POWELL EMPHASIZED SOOOOOOOOOOOOO MANY TIMES ALREADY SINCE THE END OF 2ND Q OF 2022YR TILL TWO WEEKS AGO 2023YR THAT —— > US FED'S POLICY TARGET IS THAT 1. 2.0% NEUTRAL INFLATION % + 2. FULL EMPLOYMENT RATE = +3% RANGE UNEMPLOYMENT RATE < ——— ONLY WAY TO ACHIEVE ITS GOALS IS TO DEFLATE TREMENDOUS DEBT PROBLEMS IN THE ECONOMY < ————— THAT IS 1+1 = 2 MATH QUESTION TO FIGURE OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
CENTRAL BANKS MUST BREAK NOT JUST SOMETHING BUT THEY MUST BREAK ENORMOUS THINGS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) BECAUSE USA CHINA EUROPE HAVE TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT TO GO FURTHER FROM HERE OR THERE WILL BE MUCH MUCH MUCH MUCH MUCH MORE SYSTEMIC CONTAGION LIKE CS SVB CHINA HUARONG ETC AND ETC!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
THE ECB YESTERDAY DID 'OK' JOB TO HIKE ITS INTEREST RATES BY 50BP TO 3.50% AS IT WAS EXPECTED!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) MEANS MORE AND MORE GOLD PRICE IS GOING UP TO THE RANGE OF 3K$ – 3.5K$ THIS YEAR AGAINST TOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH BUBBLED CURRENCIES ESP US$ EURO CHINA YUAN (+H.K$) STOKCS BONDS BITCOIN REAL ESTATE SECTOR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
P.S VALERIE GOOD ANALYSIS!!!!!!!!!!!!!:) AS I'VE SAID MANY TIMES ALREADY SINCE THE 1ST Q OF 2022YR THAT WHO IS GOING TO BUY FED'S 9T$ DEBT?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) AGAIN AND AGAIN THE ANSWER IS NOBODY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
DO THE MATH THAT AGAIN AND AGAIN ——— > FOR MARCH US JOB REPORT WILL BE SHOWING ANOTHER + 300K – +350K INCREASE MOSTLY FROM SERVICE SECTORS MEANS ———– > US CPI WILL BE IN AGAIN + 6% RANGE REGARDLESS OF OIL PRICE + CORE CPI WILL BE + 0.5% – +0..6% MOM BECAUSE OF STILL MOUNTING AND MOUNTING AND MOUNTING AND MOUNTING DEBT IN US ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) DO THE MATH!!!!!!!!!!!!!!!!!!!!!!!:) ——- > FED MUST HIKE INTO +7% -+8% THIS YEAR OR THERE WILL BE NO WAY TO ACHIEVE + 2% NEUTRAL INFLATION RATE IN COMING MANY MANY YEARS MAYBE FOREVER INTO THE FUTURE IN US ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
Oil is done. More likely to hit 50 than 80
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WTI will reach $40
Yea I don't think this is happening. Oil is going to $40 before it goes to $100
zero substance in this report