Are we heading for another Financial Crash?
Quote:
Originally Posted by
Jonny Wilkinson
Everything stated below is my opinion based on working in and studying finance in the UK, US and Europe over the last 36 years. You don't have to agree with it (Ash) but please don't tell me I'm wrong. Opinion is what it is.
The oil shenanigans is just business as usual really. Whilst its timing exacerbated the turmoil in the market caused by fears over the impact of CV on the global economy, its not unusual for OPEC and non-OPEC to start supply wars as OPEC is effectively a cartel and the non-OPECs don't like having their revenue streams being controlled by the Arabs.
Read up on post-Chavez Venezuelan economics (or even Chavez-era for that matter) if you want to gain a better understanding of oil markets (and petrol prices particularly).
Oil wars does not typically cause a rush out of stocks and shares and into gold, its fear of a recession and that is what we have seen. The index prices will bounce to some extent as there was panic selling going on.
Whether it will recover completely will, I predict, depend on how things work out in China. If they show that they can control the peak of CV infection without it significantly denting productivity then confidence will return quickly as the expectation will be that the rest of the world can recover as well as, if not better than, China.
If you really studied finance, you wouldn’t have kept an S13 for all these years [emoji14]
Corona virus ( which is the common cold, SARS and this new one) is being bigged up by the media. You have more chance of winning the lottery than dying of a Covid-19 related infection. Corona doesn’t kill you
You May know more about financial institutions, I and my sisters know more about infections and viruses than you do (Jonny) it’s not going to decimate the world
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