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- Blessed-man commented Apr 7, 2020
In another 1 months, we will find out that this cut may not be enough and prices will later slip. Until real production go full throttle, prices will be difficult to sustain at a good price (now good is very relative, what is okay for Saudi Arabia ...
OPEC analysis considers 10m b/d oil output cut to end of year
- Blessed-man commented Apr 5, 2020
If it will go down for the next 30days, that means it will attain parity with the USD. Cannot go down that long when there is no Euro Crisis, what we have is World Crisis. Let us trade what we see on the charts if we are so good at predicting, then ...
Euro-to-Dollar Week Ahead: Charts Tip Losses Ahead but Virus Slowdown Could Save Day this Week
- Blessed-man commented Apr 3, 2020
The advantage of this is Zimbabweans will be pretty good with mathematics, having been exposed to trillions in numerical values
Tomorrow's US Jobs Report Will Look Far Better Than It Really Is
- Blessed-man commented Mar 31, 2020
Too big to Fail? US will find out that they will put themselves in that Shoe of the Too big to Fail. When the too BIG eventually fail, it will be a gigantic fall. Please beware, China plans a lot more meticulously like War strategies not just ...
This is the time to do our long awaited Infrastructure Bill
- Blessed-man commented Mar 26, 2020
She is referring to a particular Financial Crisis (2008). The Corona Virus is now resulting into another one which will likely be bigger than the previous crisis (2008)
Germany’s Merkel: Impact of coronavirus likely to be bigger than financial crisis
- Blessed-man commented Mar 26, 2020
That is if 40% or more will not use their share to buy made in China products (no disregard for China), but ot could mean $250b of this could boost the Chinese economy. Since it is not enough to buy cars, it will most likely go for consumables.
Senate passes $2 trillion coronavirus stimulus package, sending it to the House
- Blessed-man commented Mar 23, 2020
Small Businesses taking repayable loans to sustain employees who are not working looks like double loss to the business. Let the govt pay people who will file for job loss and small businesses will apply for take off loans once the problem is over
Mnuchin: Want All Small Business Keep Employees, Take Government Loans
- Blessed-man commented Mar 23, 2020
The Fed should tread softly, bringing out a lot of ammunition when situation is not at extreme case is quite intriguing. Trillions of US$ to prop up the market may not fully achieve if some people are still bent on running the market.
Federal Reserve announces extensive new measures to support the economy
- Blessed-man commented Mar 23, 2020
But the fear of contamination could jeopardize their fortune in the virus frenzied environment that we are in. Just like the effect of mad cow in the past year, so everything is fragile right now. I am not saying there is any news of contamination ...
NZD/USD RSI Sits in Oversold Zone as RBNZ Launches QE Program
- Blessed-man commented Mar 17, 2020
Everybody will be affected, so it is good they find a way to solve the issue as adults otherwise sub $20 or even $15 will come and it normally leads to depression because there are a lot of companies linked in the chain
Iraq oil minister calls to hold OPEC, non-OPEC emergency meeting
- Blessed-man commented Mar 16, 2020
Your analogy will only be true if they are the majority of those that sold the indices at the top few weeks ago, otherwise, what is their gain.
President Trump says US "may be" heading into a recession
- Blessed-man commented Mar 16, 2020
When the world economy is fragile, even Gold will not go up, remember it has been popped up from $1250 area and the buyers want to actualize the capital accretion that is reflecting in their portfolio. In the last major sell-off that saw AUD around ...
Billionaire Ray Dalio says world’s largest hedge fund ‘didn’t know how to navigate’...
- Blessed-man commented Mar 13, 2020
Is there really a 'Wipe Out'. A lot bought shares of another company 2 years ago when price was say $20, then price rose to $150 a few sold and some were waiting for price going up to $500 but against all expectations, price is no $5. So this can be ...
China pumps $79 billion into economy with bank cash reserve cut
- Blessed-man commented Mar 13, 2020
Shortly after election, what a good political projection
Mnuchin expects big rebound in economic activity by the end of the year
- Blessed-man commented Mar 12, 2020
That is approx $5b, that will only have one day effect on the Yen
BOJ offers to buy 500b yen in unscheduled repo operation
- Blessed-man commented Mar 12, 2020
How will the bears lose, A Bear short the DAX at 13780 got out at 9450 and has lost. Those that may lose are those shorting after over 2 weeks of continuous fall. Those that may lose may also be those that shorted and were expecting 2 months of fall ...
Fed to pump more than $1 trillion in dramatic ramping up of market intervention
- Blessed-man commented Mar 11, 2020
Travel ban for EU countries to the US, that is extreme measure. That is more pressure on Crude oil, they have just reduced air travel by almost 40%, redundancy in hotels, air transport business, insurance etc. This ban when effective will bring more ...
Trump: US Suspending All Travel From Europe For Next 30 Days
- Blessed-man commented Mar 10, 2020
If all arsenal are released now that the crisis level is barely 2-5% as regards to the virus, indices response have been overstretched to say the least, more like a premeditated moves. We do not pray for a worse situation, where will the ammunition ...
White House plan for economic response to virus is ‘not there right now,’ officials say
- Blessed-man commented Mar 9, 2020
In a situation like this, 12 to 18 months could mean hundred of thousand dying if infection continues at these rates, so a promising vaccine will be fast tracked if discovered. Why wait for 12 months while people are dying daily without cure.
Death toll in Italy from coronavirus rises to 463 from 366 on Sunday
- Blessed-man commented Mar 9, 2020
That is talking big, the $25-$30 has other effects on the economy, other than low fuelling cost (and the demand for fuel is not so elastic, otherwise, accidents will just increase) Why not find ways to mend the fence and resolve the issue, you do ...
Russian finmin: Russia can weather oil prices of $25-$30 per bbl for 6-10 yrs