“The panicky mood has been dampened down,” as other banks are rumored to be teetering.
Even after all the WannaCry hoopla in May. US companies too!
New vehicle sales down 53% since 2012. Bloodletting among manufacturers.
And Russia is not the only nation going this route.
What do they see that we don’t?
US LNG exporters against the low-cost producers.
It’s a sign of how bad things are that we feel optimistic about $35 oil.
Where’s the shock and awe?
“The risk of a deeper decline has intensified.”
Low oil prices are the wreckage from a war – a financial war.