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OT- OIL Prices Crashing

jverderber

Sooner starter
Dec 10, 2004
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Somers CT
Not to be negative Nelly but I think everyone really needs to get prepared for an extremely volatile Geo Political and Global Financial environment in 2016. Oil has hit $35 a barrel !!
I posted a thread in September of the growing world financial crisis...well it appears this is the case and I would expect the Old Fed will be talking QE 4 in the coming months and not talking raising rates.
Oil plugging is great for us at the pumps but the Shale industry is taking a beating. You could very will see the collapse of several BIG banks in the coming 6 months specifically Deutsche Bank. When energy junk bonds collapse will a credit crisis follow?
Geo Politics - Syria, Ukraine...China..Russia. Extremely volatile and the current currency wars looks like its about to go live. Insane McCain tells Iraqi PM to expect a 100,000 troop build up to fight Assad or ISIS. But really Assad. Strange times people.

http://www.marketwatch.com/story/us-stock-futures-slip-oil-prices-retail-sales-in-focus-2015-12-11
 
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