Global oil price drop & collapse of Russia
- Thread starter GAMETHEORY
- Start date
http://www.newrepublic.com/article/120586/low-oil-prices-could-hurt-american-economy-long-run
Not to mention many other nations where oil makes up 25-60 percent of their economy.
Most of these cats won't comprehend a damn this you just spitted You must be a finance guy.
Imagine the rouble was to be convertible into gold, and rouble interest rates remained at 10%.
This implies a nearly risk-free arbitrage of 10% between the rouble and gold. You can bet than a large number of international investors would quickly sell some gold, dollars, or other currencies, and acquire some roubles, pocketing the hefty interest rate differential.
THIS! obama didn't say king me, that move to 17% yelled "check". And being that winter has just begun there. Those bread lines will be out the ass and pressure internally will rose on putin to do something to get the sanctions of the nation. Russia is like a broke bitch to a cultured man. Ain't got nothing to offer but pussy(oil), and we decline to fuck.
Most of these cats won't comprehend a damn this you just spitted You must be a finance guy.
Yeah, I've been wondering if he's an economist or what.
Yo black ass is not welcomed in Russia. They beat and kill blacks and get away with a slap on the wrist.
The Press complains about the HIGH GAS prices & then turn around and complain about the LOW GAS prices....
because it could spiral into a destructive trade war that could topple Europe’s wobbly economy into a “triple dip” recession. Cross-border trade between Europe and Russia was $460-billion last year, with Russo-German trade accounting for almost a quarter of the total dealings.
Mind you, Germany is dangerously reliant on Russian supply for 40% of its natural gas and crude oil needs. In turn, 300,000 German workers build vast quantities of precision machinery, chemicals and cars that are sold to Russia. For whatever US/ Saudis are doing to Russia, they're not only hurting the Rusians but they would in turn hurt Europes strongest and biggest economy ...Germany now are you seriously telling me EU would just sit there and watch their economies crumble?
Putin looking real bad and his people are about to revolt. He has to blame someone for their troubles and America is a prime candidate. Russias weapons turned out to be a joke as many did not work but they are bedfellows with China, who has hacked all our shyt. Yes, war is coming.
you can go back to JFK and further with this......
First of all Russia is the EU’s third-biggest customer. Western car-makers, retailers and household product companies have piled into Russia, eager to tap into Europe’s second biggest retail market and Russia’s highly educated and relatively cheap workforce
The likes of VW, Ford, GM, Renault and German engineering giant Liebherr, Boeing, Procter & Gamble, Pepsi, Unilever, Intel, John Deere, and British Petroleum, Chevron, General Electric, Caterpillar, Mars, Cargill, and Kraft Foods have invested ten of billions in production facilities in Russia and these companies are opposed to any attempt to impose biting economic sanctions on Russia, its simple Capitalism and none of these guys want to lose money...
If the United States and its Western allies decides to cross the line and impose really tough sanctions that actually bite, such as asset freezes on Russian kingpin Putin himself, or Russian companies and Oligarchs, Russia’s foreign ministry promised a broad range of retaliatory measures that won’t go unnoticed in Washington
They will hit the US like a boomerang. That could cause even more volatility on both the Russian and European bourses. The German DAX-30 index was most affected among European stock markets, because of its leading trade position with Russia, briefly tumbling to as low as 8,900 recently, for a correction -10% off its recent highMost importantly, Russian banks and corporations most of them majority owned or controlled by the Kremlin, collectively owe a staggering $700-billion of debt to foreign lenders
Energy giants Rosneft and Gazprom owe $90-billion combined to foreign entities; the four state banks Sberbank, VTB, VEB, and Rosselkhozbank owe $60-billion
Some of this debt matures this year and next year. European banks and insurance companies are up to their eyeballs in this potentially toxic Russian debtIts sort of like MAD but this time its economic MAD and not Nuclear
The main Saudi concern is to protect market share. If there is any “politics” involved here, analysts add, it is an attempt to force US shale producers with higher production costs out of the market.The Saudis have never abandoned the use of petrodollars for political ends; it is its principal diplomatic weapon. But now they and their Gulf allies appear to be using the oil price itself as a political weapon – aimed principally at Iran.
But the more threatening regional rival to the House of Saud and its absolutist brand of Sunni Islam is Iran – which, since the 2003 US-led Iraq invasion installed a Shia government there, has forged an Arab Shia axis from Baghdad to Beirut, with influence, too, in Saudi neighbours Yemen and Bahrain.
As it is, Riyadh, sitting on foreign exchange reserves of more than $750bn, can ride out lower oil revenues. Iran, which needs the price to be twice the current level to make ends meet, is haemorrhaging. Already economically hobbled by sanctions, Tehran is by some estimates spending $1.5bn a month supporting its allies in Syria and Iraq
Iran, of course, is aligned if not allied with the US and its European and Arab partners, including Saudi Arabia, in the fight against the Islamic State of Iraq and the Levant. And President Obama continues to pursue a rapprochement with Tehran through negotiations over its nuclear ambitions
. But the US cannot be in any doubt about Saudi sentiments towards Shia Iran and the idea of a regional thaw. Markets of course influence oil prices; but so do viscera
Thomas Friedman wrote an article a few months ago that explains the big picture with these dropping oil prices.
http://http://www.nytimes.com/2014/10/15/opinion/thomas-friedman-a-pump-war.html?rref=collection%2Fcolumn%2Fthomas-l-friedman&_r=0
http://http://www.nytimes.com/2014/10/15/opinion/thomas-friedman-a-pump-war.html?rref=collection%2Fcolumn%2Fthomas-l-friedman&_r=0
saudis are americas bitchs...
they do what they are told to do..
and they better oblige there are no options for them...
they just like the taliban and isis wouldnt be shit with
out americas hand up their ass.
Putin is waay tooo arrogant to just wave the white flag.
he has something to prove... and is not about to let his
people see him knocked out by that "black" guy in that white house...
but if he was smart he would push that anger aside, and give up this battle...
President Obama playing chess hardcore..
He is going to cause a wedge between Russia and Cuba...
Im curious as to how they are going to try and pit china and
russia against each other...
truth is most countries want off the us dollar, but they dare not
speak out loud about it like Qadaffi did..
he has something to prove... and is not about to let his
people see him knocked out by that "black" guy in that white house...
but if he was smart he would push that anger aside, and give up this battle...
President Obama playing chess hardcore..
He is going to cause a wedge between Russia and Cuba...
Im curious as to how they are going to try and pit china and
russia against each other...
truth is most countries want off the us dollar, but they dare not
speak out loud about it like Qadaffi did..
he just had a 3 hr non scropted press conference...
putin has admitted that the sanctions are hurting Russia, but that the drop in oil prices is REALLY hurting them.
he said Russia is still a bear but that the west is trying to pull the bear's fangs.
as for Cuba, look for tourism, cigars, luxury hotels, beach resorts, plus baseball teams with big new stadiums, etc.
Cuba bout to explode! there will be jobs jobs jobs galore! this will end the castro regime & kill communism dead.
sent from Max's G-Note III
Saudi has the ability to throttle production, to lower the supply on the markets, but they refuse to slow production output.
2 hours ago...EU approves new Crimea sanctions
The EU imposed additional sanctions Thursday on Crimea, banning all investment and cruise ships from its ports to force home the message the bloc will not recognise Russia's "illegal annexation" of Ukraine territory.
"The annexation is illegal and what we are doing is part of the non-recognition" policy, European Commission spokeswoman Maja Kocijancic said, calling on Russia to help end the Ukraine crisis which has cost more than 4,600 lives since Moscow seized Crimea in March.
EU foreign ministers agreed last month to take further action over Crimea, with the latest measures approved by the 28 members grouped in the European Council, its political arm.
Under the new restrictions, European Union companies will not be allowed to buy real estate in Crimea, finance local companies or supply related services.
Tourism services are also banned, with cruise ships barred from Crimea ports, except in an emergency.
http://www.eubusiness.com/news-eu/ukraine-russia.z8u
The EU imposed additional sanctions Thursday on Crimea, banning all investment and cruise ships from its ports to force home the message the bloc will not recognise Russia's "illegal annexation" of Ukraine territory.
"The annexation is illegal and what we are doing is part of the non-recognition" policy, European Commission spokeswoman Maja Kocijancic said, calling on Russia to help end the Ukraine crisis which has cost more than 4,600 lives since Moscow seized Crimea in March.
EU foreign ministers agreed last month to take further action over Crimea, with the latest measures approved by the 28 members grouped in the European Council, its political arm.
Under the new restrictions, European Union companies will not be allowed to buy real estate in Crimea, finance local companies or supply related services.
Tourism services are also banned, with cruise ships barred from Crimea ports, except in an emergency.
http://www.eubusiness.com/news-eu/ukraine-russia.z8u
Russia economy collapsing is good for Germany cause now they can buy their natural gas for pennies on the ruble
Change your name back to boro
http://www.wsj.com/articles/nigeria...-currency-trading-to-prop-up-naira-1418901517
Nigeria restricted some Forex trading today
Nigeria restricted some Forex trading today
http://www.wsj.com/articles/nigeria...-currency-trading-to-prop-up-naira-1418901517
Nigeria restricted some Forex trading today
Nigeria restricted some Forex trading today
i cant wait for the us to open up and lift the sanctions in cuba. I been waiting on this for years and got a few stacks set aside just for the investment in real estate alone. I already done the math as cuba is one of the last carribean islands left for open market money making.
,,,,,,,m
Russia downgraded to junk status for first time in decade.
Russia’s credit rating has been downgraded to junk status for the first time in a decade due to the collapsing oil price, the tumbling value of the rouble and sanctions imposed because of its intervention in Ukraine.
http://www.theguardian.com/business/2015/jan/26/russia-downgraded-junk-status-decade-credit-rating
Russia’s credit rating has been downgraded to junk status for the first time in a decade due to the collapsing oil price, the tumbling value of the rouble and sanctions imposed because of its intervention in Ukraine.
http://www.theguardian.com/business/2015/jan/26/russia-downgraded-junk-status-decade-credit-rating
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