Currently one of the most dangerous
charts in financial markets: US credit markets have grown from $2trn in 2008 to
$7trn today. All driven by much more BBB and single-A paper outstanding. BBB
could become junk should the economy go into recession. (Chart via DB's Slok)
#Oil price meltdown: Saudi Aramco has lost almost $500bn in mkt cap from ATH
in Dec.
#China's exports plunged in Jan & Feb, declining by more-than-exp 17.2%.
Coronavirus outbreak led to extended holidays, depressed factory output, &
blocked transport & movement across country. Imports also declined,
although increases in commodities purchases offset some of that.
OUCH! EuroStoxx Banks Index hits lowest since 2012 as bond yields
collapse. Now down 4.3%.
Ten years on from the escalation of the Eurozone
crisis, the yield on the Greek 10-year bond has fallen below 1 % for the first
time EVER. Down from 35% in 2011. @dailyshot
Just to put things into perspective: US 30y yields plunge below 1% for
first time in history.
Just to put things into perspective: The sudden crash in oil prices
to near $30 a barrel takes the market back to early 2016 when rising US shale
exports caused a global glut. Brent crude plummeted >31% shortly after the
open, the most since the Gulf War in 1991. (via BBG)
Global stock mkt rout deepens w/US Futures starts down >4% to the week as crashing oil prices add to coronavirus worries.
Holger Zschaepitz
@Schuldensuehner
¿Es el mundo o el sabio el que señala?
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