iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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China’s Twitter Mouthpiece: China May Stop Buying American Ag Products, Boeing, Treasuries

China is renowned for talking shit via certain media puppets. Here’s one of them on Twitter and this is what he’s saying today.

So much winning.

Here’s why crude is higher — two Saudi tankers attacked.

Saudi energy minister Khalid Al-Falih revealed the tankers suffered “significant damage” – although it was unclear what the attack involved.

He said: “Fortunately, the attack didn’t lead to any casualties or oil spill; however, it caused significant damage to the structures of the two vessels.”

Trading and shipping sources identified the Saudi ships as Bahri-owned very large crude carrier (VLCC) tanker Amjad and crude tanker Al Marzoqah.

Dow futs -444.

UPDATE: Fed cut being priced in now as a foregone conclusion.

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3 comments

  1. ferd

    Yeah re cause of crude’s move – also perhaps concern that, though attacks may be bs, that they’re part of the march to hot conflict with Iran. But the thing to watch re when US investors should truly panic is the dollar, not oil.

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  2. hasson

    I’d strongly support President Trump’s next move to raise the tariffs to 100%.

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