RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
March 9, 2020 at 4:55 am
(March 9, 2020 at 4:39 am)WinterHold Wrote:(March 9, 2020 at 4:27 am)BrianSoddingBoru4 Wrote: That, coupled with crashing stock markets, should do it. The global recession is here. Not 'if'. Not 'when'. NOW.
Boru
https://www.cnbc.com/2020/03/09/european...lumps.html
Quote:European shares fall 6.5% and Italian stocks fail to trade; BP tanks 24% as oil prices crash
Now that was quick !
Yes; global recession indeed
Not sure you can blame it all on MBS, though. Flooding the market is a pretty common tactic to regain market share.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax