- Rank: 38
- Followers: 20
- Votes: 2
- Years Member: 3
- Last Update: 25 March 2020, 13:46
Energy Producers XOP, BP, for example, recently admitted that its finances will not breakeven unless oil trades at roughly $60 per barrel. Recall that the initial trigger for the global financial crisis was about $US500bn worth of losses on US mortgages. Gave cites figures [showing] that through the magnifying effects of derivatives markets, that wiped some $US7 trillion from global GDP and $US28 trillion from global equity markets. View the US$5.4 trillion alternative energy sector debt, mainly associated with the US fracking boom, through the magnifying effects of derivatives and you begin to see the scale of calamity soon to befall the worlds financial institutions.
-I ran over 300 balance sheet in this space; the debt load is incredible high; the above is very true, it is something you never see in the news and no one talks about it; we do.
- Monetary Crisis Cycle starting in 2018, the Sovereign Debt Crisis also to begin heating up in 2018, and the Pension Crisis.
-Vertical Markets; Plateau Move; Phase Transition; Pennants; Vs
-Nikkei down; Yen Up; Gold Up
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.