$28.00 Oil = Saudis will be out of Foreign Reserves within 2 years
panic in Debt Markets prior to that
OPEC heads into a death spiral with everyone cheating + dumping it where ?
you put it on a Tanker... and it's worth less one month later
Iran don't care... they didn't promise entire population -- largess
China has no choice... rolling the dice on Oil Production ramp (now) to crash prices
and switching Alternative Fuels later...
China's Q3-GDP under 6%... Q4 under 5%... Consumption hurt by emerging Housing Crash
Skyscraper industry grinding to a complete halt... moving towards Energy Infrastructure instead
non-Fossil-Fuels over 25% next year... exploding higher
strategic decision to "temper" filling SPR (by 2035) due to exploding Alternative Fuels usage
strategic decision to classify Central Govt's Finances as top threat vs lack of SPR
increased production + use of Coal-Methane, Shale Gas... ramping quickly
realization they can play a role in crashing global Oil Prices = boon to State + Govt finances
Central Govt needs to shore up Finances to offset Housing Crisis
opportunity came + left
we will try this again... sometime later... good luck
they are the new Swing Lever
and they are swinging for the fence = $35 Oil
defending their Shia Minorities from real Terrorists
Khamenei can drop dead for all I gave a damn... but, they have a right to defend
and we had no right bombing the Yemeni Population into submission
to reinstall a Sunni ruler over a Houthi population = Bernie Sander 45
starting today or next week... the Fed's minions will "now" promote my Op Order
well too effing late... because this was a confidence game all along !
and what does "precision timing" mean to you academics ?
what does Global Credibility mean to yous ?
apparently less that what Prior Commitments mean to "them"
oh... you didn't want to topple the apple cart eh?
so... now the Global Money Managers have no choice other than to believe (logically)
that both the Economy + Liquidity was not there
first, I had to save the Euro... (sorry Germans, still luv ya)
while initiating Crude Crash II simultaneously... very tricky endeavor... but, pulled it off
then I had to get the SPX down to it's "low end" of trading range... again, wasn't easy
had to re-educate the Street on the importance of Cheap Oil on a Family + Travel Economy
then I had to stick save the selloff... and get us "coming off the bottom"
had to dupe the Street into believing we were strong enough to actually "want" normalization
I had everything where it needed to be... gave out the Op Order... and boom -- nothing happened
because she + Bernanke did everything I told them to do... after a slow start
they used all my talking points to perfection... achieving what was politically unimaginable
gave the Fed it's Third Mandate + made Fed Chair the defacto Secretary of Defense
and Larry Summers was no "shoe in" ... h was cemented by Obama himself... (guy waited for years)
but, Obama was crashing in polls... so I ignited a Feminist Revolution that took off
"Larry Summers is a Train Wreck" and then I gave her all the credit --- did the trick
and Janet "chose" to stay in the Cell Block
and this was no easy feat... more complex than JPM's boom/bust cycles (back in the day)
because he had less moving parts to contend with... and the Politics (back then) was for sale
she blew it, by not following Global Commander's explicit orders -- signal "ready in Sept"
imo... she chose honoring her commitment to WS's primary broker/dealers over National Interests