6:30 PM on a wed.
Expect more selling, more fear, more uncertainty for weeks to come, especially as the virus spreads in the U.S. Best to raise cash and be ready to max out on margin when we finally reach a bottom. We could be talking about weeks or even months from now. #coronavirus #marketcorrection #COVID19
The first Bakkt Bitcoin Futures trade was executed at 8:02pm ET at a price of $10,115.<img src="https://andreaskoudellou.files.wordpress.com/2019/09/img_8779.jpg" class="size-full wp”>
Berlin is broke.
Germany is increasing her coal-fired power plants as output from natural gas-fired power plants and wind turbines drop.
U.S. Inventories and Production Levels.
The most important naval choke points were first identified by John Fisher in his defense of continued British colonialism (important colonies in parentheses): Hormuz Strait between Oman and Iran at the entrance to the Persian Gulf Strait of Malacca between Singapore and Indonesia Bab-el-Mandeb passage from the Arabian Sea to the Red Sea (Yemen and Socotra) Panama Canal and the Panama Pipeline connecting the Pacific and Atlantic Oceans (British Honduras) Suez Canal and the Sumed Pipeline connecting the Red Sea and Mediterranean Sea (Egypt)Continue reading “Strategic Oil Chokepoints – jpm”
The following chart shows Chinas raw iron ore imports. Not a good time to be a bulk carrier…