Forgot that yesterday was Women's Day. Blessed half the humankind!
"Coronavirus shock and oil price fall pummel world stocks
LONDON: Global stocks plunged on Monday and prices for crude oil tumbled as much as 33per cent after Saudi Arabia launched a price war with Russia, sending investors already worried by the coronavirus fleeing for the safety of bonds and the yen.
Saudi Arabia had stunned markets with plans to raise its production significantly after the collapse of OPEC's supply cut agreement with Russia - a grab for market share reminiscent of a drive in 2014 that sent prices down by about two-thirds.
"We are seeing this week, finally, a full-scale liquidation and signs of capitulation, full-scale panic - we see this in every asset," said Paul O'Connor, head of multi-asset at Janus Henderson."
Honestly as a trained chartered or certified accountant or whatever title the accounting profession tries to coin up to justify some form of control over entrance to their comfortable niche market, I grew increasingly disillusion with the so-called smartest financiers in the world helping the people with capital to amass more n more capital or wealth.
People who helped these folks get rewarded handsomely too as measure by whatever they cared more: money or assets in monetary terms. How many billions gained (or lost, which gets little airtime if any at all) today over yesterday or whatever.
Yet the PHYSICAL trades, the products/services n solutions designed, made, provided to n used by REAL people HARDLY can ever get rewarded in similar moneyed measurements.
How strange. Still many of the so-called brightest people on earth CONTINUED to play along. I guessed who would want to pull yourself down fr this financial empire when the rules n rewards r so so generous n when u r so so entrenched n swimming in the juiciest gravy pool!!
Econmic growth 4 economic growth alone will kill the humankind that devote sole to this purpose, eventually. It will b when the end comes n not IF it will come.
Time to reset n gets the Insurgents in? The establishment would dismantle their own empires.
"Coronavirus shock and oil price fall pummel world stocks
LONDON: Global stocks plunged on Monday and prices for crude oil tumbled as much as 33per cent after Saudi Arabia launched a price war with Russia, sending investors already worried by the coronavirus fleeing for the safety of bonds and the yen.
Saudi Arabia had stunned markets with plans to raise its production significantly after the collapse of OPEC's supply cut agreement with Russia - a grab for market share reminiscent of a drive in 2014 that sent prices down by about two-thirds.
"We are seeing this week, finally, a full-scale liquidation and signs of capitulation, full-scale panic - we see this in every asset," said Paul O'Connor, head of multi-asset at Janus Henderson."
Honestly as a trained chartered or certified accountant or whatever title the accounting profession tries to coin up to justify some form of control over entrance to their comfortable niche market, I grew increasingly disillusion with the so-called smartest financiers in the world helping the people with capital to amass more n more capital or wealth.
People who helped these folks get rewarded handsomely too as measure by whatever they cared more: money or assets in monetary terms. How many billions gained (or lost, which gets little airtime if any at all) today over yesterday or whatever.
Yet the PHYSICAL trades, the products/services n solutions designed, made, provided to n used by REAL people HARDLY can ever get rewarded in similar moneyed measurements.
How strange. Still many of the so-called brightest people on earth CONTINUED to play along. I guessed who would want to pull yourself down fr this financial empire when the rules n rewards r so so generous n when u r so so entrenched n swimming in the juiciest gravy pool!!
Econmic growth 4 economic growth alone will kill the humankind that devote sole to this purpose, eventually. It will b when the end comes n not IF it will come.
Time to reset n gets the Insurgents in? The establishment would dismantle their own empires.
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