I admit it; you had me pretty worried there.
What with oil prices plunging to lows not seen since last the entire planet was on the precipice of economic catastrophe. Yes, I was sweating…profusely.
But now what do we have here? In less than a business week, oil is back. My stocks are roaring back to dead life from a state of living death. It’s not much, but at least the putrefaction is under some amount of control.
For the moment, I am not putting any of my cash reserves to work. I want the dry powder in case we go Mad Max again.
But this is constructive. Greek 10 years are yielding 8% again. China will get it under control, much to the dismay of Zerohedgers. It’s not difficult to take away freedom from people who barely have any to start with.If you enjoy the content at iBankCoin, please follow us on Twitter