A Game-Changing Crash . . . .

[helmsdale]

Everyone was shitting themselves that the US 10yr treasury dropped briefly to a 6 handle on friday. In overnight it grabbed a 4 handle for a short period of time.

0.495%, currently running 0.523%
https://www.investing.com/rates-bonds/u.s.-10-year-bond-yield https://www.investing.com/rates-bonds/u.s.-10-year-bond-yield

Dow futures down -4.15%
S&P futures down -4.59%
nikkei down -4.75%
wti down -22.5%
brent down -22%

Will the fed let these numbers hit the board at open or are they going to expend more ammo?

[errolanderson]

Global equity markets getting destroyed tonite . . . South Korea, Japan, Australia, India appear in double-digit losses. Erupting oil price war taking massive toll. Defaults inevitable.

Monday, March 09, 2020 may go down in-history . . . .

[AlbertaFarmer5]

Global equity markets getting destroyed tonite . . . South Korea, Japan, Australia, India appear in double-digit losses. Erupting oil price war taking massive toll. Defaults inevitable.

Monday, March 09, 2020 may go down in-history . . . .

Headlines always try to connect a cause to an effect, but can you possibly explain why South Korea, Japan, Australia and India, all of which import most of their large oil needs, would be suffering from an oil price war? They don't like paying low prices?

[malleefarmer]

Headlines always try to connect a cause to an effect, but can you possibly explain why South Korea, Japan, Australia and India, all of which import most of their large oil needs, would be suffering from an oil price war? They don't like paying low prices?

Reckon earl mean the whole stock market

[errolanderson]

Incredible market movement tonite . . . .

S & P INDEX FUTURES LOCK LIMIT DOWN @ 2,819

COONC in Hong Kong down 22 percent tied to oil price crash

U.S. 10-year treasuring yields break below 0.5 percent.

[sumdumguy]

I am surprised to see the VIX at 41.94. Maybe today it’ll hit 50-60-70.

[macdon02]

The chain reaction from this has only just begun, next "should be" EM bonds blow. Contagion sets in as the vultures look for the next country or sector to default. "The cure of the last crisis is causation of the next" which is debt. It could be very difficult getting financing this spring as the issuer will not be able to spin it off into derivatives. Rates are going drastically higher im afraid. Santander, the Spanish bank that does a pile of sub prime auto loans here in Canada is -12% at present. We will never see "everyone is approved" again. French banks have heavy exposure to oil, SG currently -15%

[biglentil]

So much for the 50 point cut that Fed implemented on the 3rd of march. Rate cuts arent enough. Weimer style money printing coming up next, ready the wheel barrels.

[jazz]

Headlines always try to connect a cause to an effect, but can you possibly explain why South Korea, Japan, Australia and India, all of which import most of their large oil needs, would be suffering from an oil price war? They don't like paying low prices?

Price war aside, oil prices are a proxy for the economy. Usually low prices equate less economic activity, not more. Its the one measurement that is counter intuitive. So much of oil use is linked to major transportation, cargo, goods.

But on the bright side we get to see a world without FF and the benefits from that. I suspect we will meet our emissions targets this year now. Only took shutting down the global economy.

[jazz]

So much for the 50 point cut that Fed implemented on the 3rd of march. Rate cuts arent enough. Weimer style money printing coming up next, ready the wheel barrels.

I highly suspect there will be a bailout package for select industries now, airlines but maybe even energy, banks might get recapitalized again. Probably QE again to try and flip the yield curve.

But money in directly in the peoples hands will never happen.