Daily Archives: April 21, 2020

On Negative Oil Prices, Derivatives, and Systemic Risk

Let’s talk about what just happened with Oil prices. Yesterday, Oil dropped to -$40 per barrel. That is not a typo. Oil was priced at NEGATIVE $40. On Friday, it was priced at $27 per barrel. How is this possible? This … Continue reading

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Is Oil the Canary in the Coal Mine for a $640 Trillion Derivatives Disaster?

Let’s talk about what just happened with Oil prices. Yesterday, Oil dropped to -$40 per barrel. That is not a typo. Oil was priced at NEGATIVE $40. On Friday, it was priced at $27 per barrel. How is this possible? This … Continue reading

Posted in Debt Bomb | Comments Off on Is Oil the Canary in the Coal Mine for a $640 Trillion Derivatives Disaster?