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Daily Archives: September 17, 2019
Money market strains warn of elevated capital risks
As the US Fed debates its next rate announcement tomorrow, a liquidity crunch in overnight lending rates in the repo market prompted the NY Fed to inject $53b into the US banking system today. See: Unhinged Money Markets trigger Fed … Continue reading
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Saudi strike underlines vulnerability of oil dependence
The strikes on Saudi Arabia’s oil infrastructure have led to a production shutdown on a scale the world hasn’t seen for decades. It could have long-lasting consequences for global markets and politics. Here is a direct video link.
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BNP analysts: “Death toll rings for gasoline”
As drone attacks on Saudi oil production spike prices above $60 a barrel, a new investor report from French financial giant BNP Paribas notes the market price of oil will have to fall below $20 a barrel within the next … Continue reading
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