my read this is all about oil, and the domino effect.
russia and venezuela both depend on oil revenues.
The rubel has been crashing. no other words for it. check out USD/Rubel
When sanctions hit russia, the dax was crushed due to major trading partner.
What happens when the major trading partner, has its currency hurt?
it cant afford to buy euro dax, and so then the DAX suffers.
The FTSE has been on a dive ? maybe becasue of oil dominated stocks?? any ideas ?
Maybe we need to look ahead, and think about these dominos.
Would be good if we can discuss the effects on which countries are in the line of fire and those that might benefit.
I think the tide ends up taking all. But a short on the Rubel /USD would have made sense at the beginning of this oil slide.
Where is the bottom for oil? OPEC arent cutting. US shale has a break even at 55/bl ??
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