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  • Kudlow: Trump believes that Saudi Arabia, Russia have ended their oil spat

no way phase 2 coming
TuriBinda
The US will be very happy when OTHERS cut oil production.
. . and what if they haven't?
BTW. a few months ago (maybe about 1 year), when oil was at about 57-58, Mr Trump has twitted that oil price is too high, causing price action. He has not defined "appropriate" price.

One should be very cautious when expressing wishes They may become real...
The Saudis, the Ruskies, and the Yankees all want to increase their market share in a falling market. The “spat” will never end , the big boys can’t afford to gamble their money now!
Old Dog Kiwi
Quoting ytong
BTW. a few months ago (maybe about 1 year), when oil was at about 57-58, Mr Trump has twitted that oil price is too high, causing price action. He has not defined "appropriate" price. One should be very cautious when expressing wishes They may become real...
Well, are you saying Trump is a Twit?
What about the code of conduct ?
:-)
Old Dog Kiwi
Interesting times for sure.Tankers sit parked up full waiting for a better deal.But no planes,traffic noise is really worth looking into.How does everybody pay the bills if you stop everything for a month or more.
pay online, that is if you have a job or income with which to pay.
i doubt if even a 'better deal ' is any where on the horizon in the foreseeable future
see my comment :
https://www.forexfactory.com/news/990659-the-years-hottest-new-cars-just-got-cold#post12856352
Old Dog Kiwi
Quoting aquavox
pay online, that is if you have a job or income with which to pay. i doubt if even a 'better deal ' is any where on the horizon in the foreseeable future see my comment : https://www.forexfactory.com/news/99...d#post12856352
Right and we're talking Venezuela-style breakdown. Sure, the utility companies are mandated to stay on for residences, but they cannot operate without sufficient cash when no one can pay their bills. Then the water treatment becomes poor or non existent and the power becomes intermittently unavailable. Even if gub gives the cities cash, it's a sinking ship and someone is going to pocket most of it instead of maintaining infrastructure. So the infrastructure bill will only enrich people, not help.

And Hyperinflation!
And civil unrest!

Can't make money without money. Can't re-start up biz without supplies, materials and cash. What a sh$t show!
Quoting 2dollardog
{quote}
Utility companies are mandated to stay on for residences,
Then the water treatment becomes poor or non existent and
the power becomes intermittently unavailable.
So the infrastructure bill will only enrich people, not help. And Hyperinflation! .
Utilities are kept running as essential services including Electricity, water and waste.
Here pretty much all our power generation is hydro-electric and only costs a few cents per kwh to generate and transmit from an eternally renewable resource.

I don’t think we are going to see hyper-inflation to the magnitude you are indicating? it will be Deflationary over most Large and discretionary asset classes - you simply cannot apply simple inflationary reasoning over all asset classes !
To few people will have too few dollars to buy too few assets ( large assets – cars , houses , toys , trips!, discretionary items)
and the banksters will not lend to businesses that have no sales or cash flow to support interest or repayments.
They will have to channel what money they do have to buy inflated cost of food , electrical goods, maintenance goods, spares and daily living and commodity needs.
all governments will print whatever it takes to put those necessities of life into the hands of all who need it.

Because if they don't , as you say they know they will have civil unrest and no country wants that problem to fold like a house of cards on top of SARS-Cov2, financial collapse etc..
Old Dog Kiwi
Quoting aquavox
{quote} Utilities are kept running as essential services including Electricity, water and waste. Here pretty much all our power generation is hydro-electric and only costs a few cents per kwh to generate and transmit from an eternally renewable resource. I don’t think we are going to see hyper-inflation to the magnitude you are indicating? it will be Deflationary over most Large and discretionary asset classes - you simply cannot apply simple inflationary reasoning over all asset classes ! To few people will have too few dollars to buy too few assets...
Good points. Thank you for that. Just one thing:

it's a sinking ship and a lot of that printed cash isn't going to land where it is intended. This is the same problem that got us here, but because there has been SO MUCH money most didn't care. Ergo, the only rebound (generalizing) is wide-spread lack of cash. As always, I could be wrong.
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  • Posted: Apr 3, 2020 10:51am
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     Newsstand
    Category: Low Impact Breaking News
    Comments: 11  /  Views: 6,653