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
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson