It OPEC wants to let the market set the price, then they need to shut down the Futures markets in OIL. We wen from 115 to a 50% drop to $58 in 26 weeks? Clearly, RICO laws in CME futures were violated and the Saudi's need to be shut out of our U.S. CME Futures exchanges. I wrote a 13 page compliant the SEC llast week noting the fraud on the American people by the Arab Nations.
I'll give $1,300 to every person who wants to give me $11,000 and you can keep the tax on the dividend.
That safe 6.50% yield they said..... Gone! it cost them 40% of there case in 24 months.
The Feds and Banks can't cover that type of loss.
The south is poor again. Layoffs in the millions coming.....
That pretty much washes away all of QE in a week.
get all the seniors into high yielding and dividend oil stocks. Then pull the rug from under them. That 6% dividend just cost those investors 40% of their principal investment and the dividend well it'll be cut. Those seniors just got burned all due to Bernanke and his money printing fraud.... Wiped out many of the seniors are an embarrassed that they were robed once again by the same stinking President. Who should be nuking the dam Saudi's. I know the the fly boys in Iraq from Texas will have no problem in letting a few of those Crusise missiles heading for Syria to stray a bit.... People are being robed again... just like last time.
To think that was half of what the U.S. Treasury printed in 18 months with QE and they are still going to default on that paper as Draghi can't get Germany buy in to save the Euro Zone.
China numbers show the lack of the consumers world wide! Italy is going to go bankrupt an default just like we are going to do on our $25 Trillion debt.
Draghi can't get Germany to save them. Germany may leave the ECB.
Italy $2.9 Trillion in Bailout needed, Portugal and Spain next.
Germany has no stomach to bail out Italy on default.
Italy’s Long-Term Credit Rating Cut by S&P on Economic Weakness
Italy’s long-term credit rating was lowered by Standard & Poor’s, which cited weak growth prospects and high public debt.
The New York-based company cut its unsolicited long-term rating to BBB- with a stable outlook, from BBB. The BBB- rating is one level above junk, or non-investment grade, status.
Europe is basically dead money... Germany will leave the Euro Zone.
Italy BBB Junk and default and Draghi failure to do QE will crash markets.
Govt shut down coming ..??
No Respect Peril Harbor Day and the #$%$ try to surpass U.S. Markets On Fraudulent Money Printing and Downgraded Bond Rating. Italy debt downgraded to Junk BBB.
Nobody walking away from $19 here and HAL got three major buy rating and will push back to $45 by mid week as the February WTI contract holds $80
At that meeting it will be announce that the deal will close March 1st.